President Trump has reimposed reciprocal tariffs ranging from 10% to 41% on imports from dozens of countries, citing a lack of reciprocity in bilateral trade relationships. Higher tariffs, up to 35%, were also levied on Canadian goods due to Canada's alleged inaction on curbing illicit drug flows into the US. The tariffs affect major trading partners like Australia, the UK, India, and Taiwan. These actions follow Trump's January declaration of a national emergency concerning illicit drugs entering the US from Canada. New rules regarding transshipped goods are also expected soon.

Prepared by Christopher Adams and reviewed by editorial team.