The global trade landscape is rapidly shifting - the U.S. government just announced sweeping new tariffs that will reshape the way goods move around the world.

Here's a quick breakdown of what’s happening — and what it could mean for your business.

The Headlines

• A 10% baseline tariff will now apply to imports from nearly every country.
• "Worst offenders" (based on U.S. calculations of trade imbalance) will face customized, higher tariffs — with China hit the hardest at 54%.
• 60 countries are affected by the individualized tariffs.
• Some goods (like semiconductors, pharmaceuticals, energy products, etc.) are excluded from these changes.
• A 25% tariff on all foreign-made automobiles kicks in April 3.

The U.S. is shifting to what it calls a reciprocal tariff system. Instead of continuing with lower, flat-rate tariffs, it’s now basing duties on how other countries treat American goods — even if that means going far above previous WTO averages.

While the U.S. has historically maintained low average tariffs (around 2.2%), new rules under this policy mean many countries will face steeper costs to sell into the U.S. market.

Here are some notable figures:

• China: 54%
• Vietnam: 46%
• India: 26%
• European Union: 20%
• Japan: 24%

These new rates are calculated as “half of what they charge us,” according to the administration.