Trump announces new US tariffs of at least 10% on all imports

US President Donald Trump has unveiled a new tariff regime, imposing a 10% baseline tax on imports from most countries, with countries having significant trade surpluses with the US facing higher rates. The move has sparked concerns over an escalating trade war, with the dollar falling against major currencies as the announcement was made. Trump framed the tariffs as a blow against unfair trade practices and a necessary step to protect US industries.