Trump unleashes 10% global tariffs, with higher reciprocal rates

Details: The reciprocal tariffs have been tailored based on how unfairly the administration says the countries treat U.S. exporters.

• The rates, calculated by Trump's top economists at the Council of Economic Advisors, are meant to hit back at the tariff and non-tariff trade barriers.
• Trump said the published rates are half as high as the originally calculated levies.

What to watch: It is President Trump's gamble to revive domestic manufacturing, raise revenues to offset tax cut costs and push other nations to adhere to non-trade related demands.

• "To all of the foreign presidents, prime ministers, kings, queens, ambassadors and everyone else who will soon be calling to ask for exceptions from these tariffs, I say 'terminate your own tariffs, drop your barriers. Don't manipulate your currencies,'" Trump said.