President Donald Trump has made a bold move in the realm of international trade by announcing a 10% additional tariff on countries aligning with what he terms as 'anti-American' policies. This declaration,

President Trump issued form letters to several nations, including the Philippines and Brazil, citing trade imbalances and, in Brazil's case, concerns over digital policies and alleged attacks on free speech.

President Donald Trump revealed new higher tariff rates for more than a dozen countries after hitting Japan and South Korea first earlier in the day.

The U.S. is one of the largest trading nations in the world. Mexico, China, Canada, Germany, and Japan are its largest sources of goods from overseas.

The chair of the White House Council of Economic Advisers said that some countries that are negotiating with the U.S. could see tariffs delayed.

Steep tariff rates are set to go back into effect after a 90-day pause on the April 2 rates that rocked the stock market.