President Donald Trump is imposing tariffs on US trading partners worldwide, his biggest assault yet on a global economic system he has long bemoaned as unfair. Trump said Wednesday he will apply a minimum 10% tariff on all exporters to the US and slap additional duties on around 60 nations with the largest trade imbalances with the US.

 That includes substantially higher rates on some of the country’s biggest trading partners, such as China — which now faces a tariff of at least 54% on many goods — the European Union and Vietnam.

“For years, hard-working American citizens were forced to sit on the sidelines as other nations got rich and powerful, much of it at our expense. But now it’s our turn to prosper,” Trump said during an event in the White House Rose Garden.

The higher “reciprocal” rates targeting nations the Trump administration labels the worst offenders are based on a government tally of the levies and non-tariff barriers those countries impose on US goods. Under Trump’s plan, those countries facing higher, customized rates will be hit with a levy equal to one-half of that calculated amount.

Listen to special coverage from Bloomberg TV and Radio, featuring Treasury Secretary Scott Bessent, Evercore ISI senior managing director Sarah Bianchi and Ontario Premier Doug Ford.

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Former US Treasury Secretary Lawrence H. Summers sits down with Bloomberg's David Westin to discuss the impending tariffs, what's at stake and what to expect. They also cover the actions taken against certain universities.

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Roblox CEO David Baszucki discusses a slew of announcements, including a partnership with Google and new parental controls, as shares soar. Roblox CEO David Baszucki spoke with Bloomberg's Caroline Hyde.

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Jason Furman, Professor of the Practice of Economic Policy at Harvard University, discusses his recent New York Times opinion piece on why he believes tariffs are such a terrible idea. Furman spoke with Bloomberg's Tom Keene and Paul Sweeney.

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Governor Jared Polis (D) Colorado discusses how President Donald Trump's tariffs will impact the economy and trade. He spoke to Bloomberg's Joe Mathieu and Kailey Leinz.

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Former Rep. Kevin Brady (R) Texas discusses President Donald Trump's tariff plans. He spoke to Bloomberg's Joe Mathieu and Kailey Leinz.

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Rivian CEO RJ Scaringe and Eclipse Ventures Partner Jiten Behl discuss how they are adjusting tariff uncertainty. They speak with Bloomberg's Caroline Hyde.  

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Richard Clarida, global economic advisor at Pacific Investment Management Co. (PIMCO), and former Federal Reserve Vice Chairman, says there is “already at least a whiff of stagflation right now” in the US economy, but he doesn’t expect the Federal Reserve to act pre-emptively to cut rates and sees the central bank waiting until tariff policies negatively impact economic data. He speaks with Bloomberg's Tom Keene and Paul Sweeney. 

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America's trading partners are waiting nervously to see what Wednesday's tariff announcement will mean for them. Crawford Falconer was the UK government's Chief Trade Negotiation Adviser until December 2024. He joins Stephen Carroll and Lizzy Burden to discuss how trade talks work and how he'd advise approaching the US trade strategy.

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Tommy Stadlen, co-founder of Giant Venture capital sees purpose driven investing as a force for good despite the Trump Administration's focus on oil and gas production and rolling back environmental regulations.  He spoke with Caroline Hepker and Tom Mackenzie on Bloomberg Radio. 

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