The United States has implemented a 10 percent tariff on imports from Montenegro.

This development was highlighted in a chart shared by the White House on its X network account earlier tonight.

US President Donald Trump stated that the US is enforcing “reciprocal tariffs” against all nations, approximately half of what they impose on Washington.

Trump signed the executive order during an event at the White House named “Liberation Day.”

During this event, Trump showcased a board displaying new tariffs for several countries, ranging from 10 percent to 49 percent.

The tariffs will take effect at midnight.

Tariffs of 20 percent were set for the European Union, 10 percent for the United Kingdom, and 31 percent for Switzerland.

He has also imposed tariffs of 34 percent on China, 32 percent on Taiwan, 25 percent on South Korea, and 24 percent on Japan. The highest tariffs were placed on Cambodia at 49 percent and Vietnam at 46 percent.

Other countries affected include Serbia with a tariff of 37 percent, Bosnia and Herzegovina at 35 percent, and North Macedonia at 33 percent.

Trump’s assertive rhetoric comes as he shows a willingness to disrupt the global economic order, which the US significantly helped establish post-World War II.

“For over 50 years, our taxpayers have been taken advantage of. That won’t happen again!” Trump declared from the White House.

The President has promised that the tariffs will lead to a resurgence in factory production in the US.

However, these policies could result in a significant economic slowdown, as consumers may face rising prices on imported goods, including clothing and automobiles, which would subsequently drive up domestic product prices as well.

Concerning economic indicators such as declining stock prices and consumer anxiety have not prompted the Trump administration to reconsider its approach.

White House trade adviser Peter Navarro asserted that the new tariffs could generate $600 billion in annual revenue for the US, marking the most substantial tariff increase since World War II in 1945.

Commerce Secretary Scott Besant informed US lawmakers that tariffs would be limited and may be decreased through bilateral negotiations with other nations.

Importers are anticipated to pass the cost of these tariffs on to consumers.

The Trump administration believes that domestic manufacturers will promptly ramp up production and create new factory jobs.

Considering the widespread implementation of tariffs of 20 percent and higher, many economic analyses predict potential harm to the economy due to escalating prices and stagnation, forecasting a one percent decline in US economic growth as measured by gross domestic product. It is expected that prices for cars, housing, food items, and even insurance will rise, according to reports from the Beta agency.

Trump is enacting these tariffs independently, without the necessity for Congressional approval, which allows opposition Democrats to critique his administration’s economic ramifications.

Although Trump initiated tariffs during his first term, they did not produce the anticipated effects.

News