Trade

Trump Tariff Rollout Opens New Era of Risk for Global Economy

The average US tariff on all countries will likely rise by 15 percentage points this year.
Photographer: Leung Man Hei/Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Enda Curran and Katia Dmitrieva

April 2, 2025 at 3:10 AM UTC

This article is for subscribers only.

Supply Lines is a daily newsletter that tracks global trade. Sign up here.

President Donald Trump on Wednesday is set to announce the most expansive US trade restrictions in a century, at a stroke upending the postwar global trading system and posing difficult-to-predict economic risks.