President Donald Trump has announced a sweeping new reciprocal tariff plan targeting 185 countries, imposing duties of at least 10% with many nations facing significantly higher rates calculated at approximately half their estimated tariff rates against U.S. goods. The dramatic policy shift will hit some of America’s largest trading partners particularly hard, with Vietnam facing a 46% rate, China 34%, and the European Union 20%, signaling a major disruption to global trade relations.