Big Take Podcast

Trump Announces Sweeping New Tariffs. What’s Next

Today on the Big Take podcast: Trump imposed the steepest US tariffs in more than a century, stepping up his campaign to reshape global trade.

Donald Trump displays a signed executive order during a tariff announcement in the Rose Garden of the White House in Washington, DC, on April 2, 2025. — Donald Trump displays a signed executive order during a tariff announcement in the Rose Garden of the White House in Washington, DC, on April 2, 2025.
Photographer: Jim Lo Scalzo/EPA/Bloomberg

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By David Gura and Alex Tighe

April 3, 2025 at 8:31 AM UTC

Updated on

April 3, 2025 at 7:15 PM UTC

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Trump announced the steepest American tariffs in more than a century, with a 10% tariff on all exporters to the US and even higher duties on some 60 nations. China now faces a tariff well above 50% on many goods.