On 2 April, President Donald Trump announced sweeping tariffs on imports to the United States, including a 10% baseline tariff on all foreign goods. Higher rates have been set for specific countries, including an added 34% tariff on Chinese imports – on top of a 10% tariff in both February and March. Starting 5 April, the average US tariff on goods from China will reach 74%. The White House has defended the move as a long-term play to restore American industri...