Trump imposed heavy tariffs on dozens of countries.
Trump said the tariffs will make America great and wealthy again, arguing that low rates in past decades have harmed the country and now the tide has completely turned.
On Thursday evening, the Trump administration released new details indicating a broad overhaul of U.S. trade policy.
According to Yahoo Finance, in Trump’s executive order, tariff rates for almost all global trade partners have been set between 10% and 40%.
The highest increase is applied to Canada, where tariffs have risen from 25% to 35% and will be immediately implemented under a separate order related to concerns about illegal drugs.