President Donald Trump announced a sweeping overhaul of U.S. trade policy, introducing a baseline 10% tariff on all imported goods and imposing higher "reciprocal" tariffs on countries deemed to have unfair trade practices. The move, which takes effect on April 5 for the baseline tariff and April 9 for the reciprocal tariffs, marks a major shift toward protectionism aimed at correcting trade imbalances and revitalizing domestic manufacturing.