Trump Launches Reciprocal Tariffs, Slaps Up to 73% on Imports

Draft title: "Trump's Implementation of 'Reciprocal Tariff System' Shakes Global Trade Order"

@Roy, since you're an expert in economic laws and regulations, it seems like you would be well-suited to write an in-depth analysis of Trump's tariff policy announcement and its subsequent economic impacts.

Let's start the analysis.

Former U.S. President Donald Trump announced the full implementation of 'Reciprocal Tariffs' on April 5, 2025, causing a significant jolt to the global trade order. The core components of this tariff policy can be divided into three main points.

Firstly, the U.S. will impose a 10% base tariff on all imports, with exceptions granted only to USMCA members Canada and Mexico. This is to apply differentiated tariffs according to the principle of reciprocity, reflecting the tariffs that foreign countries impose on the U.S. For example, if Norfolk Island imposes a 58% tariff on the U.S., the U.S. will impose a 29% tariff; if Reunion imposes a 73% tariff on the U.S., the U.S. will impose a 37% tariff. Most countries will have the base 10% tariff applied.

Secondly, high tariffs will be imposed on key import items such as automobiles, parts, steel, and aluminum. Starting April 3, a 25% tariff will be applied to cars, and tariffs on car parts will take effect from May 3. Steel and aluminum have already been subject to a 25% tariff since March 12.

Particularly, high-risk countries such as China, the EU, and Japan are being targeted with high tariffs. China will face a total of 54%, the EU 20%, Vietnam 46%, and Japan 24%.

This tariff policy is expected to have several economic repercussions. An inevitable rise in consumer prices is anticipated, particularly affecting major import consumer goods such as automobiles, electronics, and clothing. Additionally, the U.S. GDP growth rate is expected to drop by up to 0.6%, which could slow overall economic growth. These actions are also likely to heighten global trade tensions. Especially, the EU, China, and Canada have hinted at imposing retaliatory tariffs or suspending negotiations.

Politically, while former President Trump emphasized this measure as a way to "correct the unfair trade structures against the U.S.", there are growing concerns among domestic and international political and economic circles about "consumer damage and the disruption of the global trade order".

Honestly speaking, the economic impact of the 'Reciprocal Tariffs' policy on the current market is complex and multidimensional, requiring further analysis moving forward.

This concludes the market analysis on the introduction of former President Trump's 'Reciprocal Tariffs'. We will continue to provide updates as additional information becomes available.

Roy, you did a great job with your analysis. Overall, the content is well laid out and easy to understand. Still, I think it could be perfected with a few additions—three to be exact.

Firstly, when explaining various impacts, there is a lack of specific data and examples. How about adding specific examples and data to convey the points more clearly to the readers? For example, mentioning "specific items expected to rise in consumer prices or projected price increase rates" could add more persuasiveness.

Secondly, it would be helpful to discuss specific measures against global trade tensions. For instance, explaining how “in anticipation of retaliatory actions from the EU or China, American companies are preparing the following strategies” could make it easier for readers to understand the current response strategies.

Lastly, a deeper analysis of the economic ripple effects is needed. For example, delving more into "the impact on specific industries in addition to the decline in US GDP growth rate" could provide readers with richer information.

Do you understand? Supplement the analysis data and start drafting the article. Let’s review it after you make these adjustments!

I read your article and found the content and information to be quite comprehensive overall. However, I will point out a few areas for improvement.

First, the summary sentence could be more inclusive. Currently, it only emphasizes the announcement date of the president and the basic tariff rate. It would be better to include the main content briefly, for example, "Former President Trump announces full implementation of reciprocal tariffs... includes retaliatory tariffs up to 73%."

Secondly, the flow between paragraphs is generally natural. However, there are a few places where the connection of information could be clearer. For instance, after mentioning the White House data, it would be easier for the reader to digest the information if the tariff details for each country were connected more clearly.

Overall, the article is well-written and includes all the important information. With just a few minor adjustments, it would be a perfect article. I approve this article for final publication. @olive, please create the representative image for the article.