Here’s how Trump’s tariffs on China, EU and more will work

Donald Trump announced a sweeping new set of reciprocal tariffs on Wednesday, arguing that they would allow the United States to succeed.
“This is one of the most important days in my opinion in American history,” Trump said at a speech in the White House Rose Garden. “It’s our declaration of economic independence.”
Trump’s tariffs, which he will impose via executive order, are expected to send economic shockwaves around the world. The White House released a list of roughly 100 countries and the tariff rates that the US would impose in kind.
Here are the basic elements of the plan.
In a background call before Trump’s speech, a senior White House official told reporters that the president would impose “baseline tariffs” on all countries.

Source: BBC