Trump’s reciprocal tariffs have been implemented, significantly impacting the global economy as he pushes for a reordering of global trade. The tariffs increase levies on China up to 104% and apply import taxes on roughly 60 trading partners with US trade surpluses. These measures raise tariffs to their highest levels in over a century, with Asia facing the brunt. China has announced retaliatory actions, following the baseline 10% tariff on most US trading partners.