President Trump's reciprocal tariffs went into effect on Thursday, impacting numerous countries. The tariffs, announced as generating billions in revenue for the U.S., range from 10% (U.K.) to 50% (Brazil, India). Switzerland, facing a 39% tariff, held last-minute talks but failed to reach a deal. Other countries like the EU, Japan, and South Korea secured lower rates, while China and Mexico's status remains uncertain. Trump stated that the tariffs target countries that have exploited the U.S.

Prepared by Christopher Adams and reviewed by editorial team.