President Donald Trump announced sweeping tariffs on most nations Wednesday, which his administration says will free the United States from relying on other countries for trade. The president has framed these tariffs as “reciprocal” to match trade barriers that other countries impose on products from the U.
Russia and North Korea were excluded from Trump's tariff list as neither country engages in meaningful trade relations with the United States.
President Donald Trump said countries, whether staunch allies or adversaries, would be subject to at least a 10% tariff.
Mr. Trump announced last week that vehicles and auto parts imported into the U.S. will be subject to a 25% tariff rate. The auto tariffs are expected to go into effect at midnight, just hours after the latest round of tariff announcements by the president Wednesday afternoon.
The President’s one-man trade war was already hurting the economy. His expansive new tariffs will make things worse.
President Donald Trump's sweeping reciprocal tariffs announcement on Wednesday has several countries taking varied approaches in how to respond.
The Senate voted Wednesday evening to revoke the emergency declaration President Donald Trump is using to impose duties on Canada, a bipartisan rebuke that came on the heels of his announcement of sweeping new global tariffs.
US stock futures cratered after Trump unveiled his long-anticipated tariffs in an address at the White House Rose Garden on Wednesday.
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Irish Star on MSNDonald Trump's 'Liberation Day' tariffs may backfire like 'own goal' as experts makes chilling warningTrump promised the US an 'extraordinary' economic boom but his sweeping tariffs could backfire and plunge the US into a recession while escalating trade wars see public support diminish