President Trump announced reciprocal tariffs for over 180 countries on April 2, an announcement he called "Liberation Day." Just one week (and plenty of market mayhem) later, on April 9, Trump hit the snooze button on his tariffs rollout, giving countries a 90-day reprieve, instead imposing a blanket levy of 10% across the board except for China, which he hit with a 125% tariff "effective immediately." (One day later, the White House clarified its tariff rate on Chinese imports is actually 145%.)
While China and the U.S. trade barbs and tit-for-tat tariffs, many are anxiously awaiting the new deadline for when the rest of the world's reciprocal tariffs will kick in.
