President Donald Trump is imposing tariffs on US trading partners worldwide, his biggest assault yet on a global economic system he has long bemoaned as unfair.
Trump said Wednesday he will apply a minimum 10% tariff on all exporters to the US and slap additional duties on around 60 nations with the largest trade imbalances with the US. That includes substantially higher rates on some of the country’s biggest trading partners, such as China — which now faces a tariff of at least 54% on many goods — the European Union and Vietnam.

Trump’s second-term trade agenda marks a sharp departure from his first, shifting from focusing on reducing the US-China trade deficit to reshaping global supply chains favoring domestic manufacturing. While agriculture was central to his first-term negotiations, his latest tariff policy prioritizes industrial self-reliance, mirroring China and India’s industrial policies.

As Apple accelerates efforts to diversify its iPhone component supply chain, LG Group’s component subsidiaries are monitoring market developments closely. While LG Display (LGD) and LG Innotek maintain significant positions in Apple’s display and camera module supply chains, Chinese vendors are rapidly gaining ground, challenging South Korea’s long-standing dominance.