President Donald Trump introduced his “discounted reciprocal tariffs” on over 200 countries on April 2. Most countries receive a base tariff rate of 10%, but for countries receiving more, the rates were calculated by halving a rate he displayed as “tariffs charged to the U.S.A. including currency manipulation and trade barriers.”

President Trump on Wednesday announced he was imposing reciprocal tariffs on dozens of nations, citing what he called years of unfair trade practices. Trump announced in the Rose Garden that all foreign countries would face a baseline 10 percent tariff,