Over a sixth of global trade of nearly $24 trillion in 2023 is likely to be affected, as the United States imposed a 10 percent baseline tariff on all goods entering its territory on April 3. The US imported $3.8 trillion worth of goods in 2023, as the global imports settled at a little over $24 billion. With retaliatory tariffs from China, Europe, Canada and other countries, the total trade in jeopardy is expected to cross $4 trillion. Machinery, transport and chemicals are the US’ top imports which accounted for nearly 52 percent of its total imports in 2023. While China, Mexico and Canada were the top importers in each of these categories, India was the US’ sixth largest importer in chemicals.