US President Donald Trump has announced sweeping new tariffs on major US trading partners, imposing a 34% tax on imports from China and 20% on the European Union, among other nations.
Speaking from the Rose Garden, Trump declared that the tariffs were necessary to counter trade deficits and revive American manufacturing. A 10% baseline tax will be applied to all imports, while countries with significant trade surpluses with the US will face higher rates. Justifying the action, Trump said, “Taxpayers have been ripped off for more than 50 years. But it is not going to happen anymore.”
Donald Trump announces reciprocal tariffs - follow live updates
The new tariffs, enacted under the 1977 International Emergency Economic Powers Act, represent one of the most aggressive trade measures taken by a US president in modern history. Critics warn that they could spark a global trade war, disrupt economic stability, and drive up consumer prices.
Trump has defended the tariffs as a means to generate revenue and ensure fairer trade practices. However, the move has drawn opposition from some Republican lawmakers, particularly those representing agricultural states, who fear that escalating trade tensions could harm American farmers and businesses.
Full list of countries and how much reciprocal tariff Trump has imposed:
Speaking from the Rose Garden, Trump declared that the tariffs were necessary to counter trade deficits and revive American manufacturing. A 10% baseline tax will be applied to all imports, while countries with significant trade surpluses with the US will face higher rates. Justifying the action, Trump said, “Taxpayers have been ripped off for more than 50 years. But it is not going to happen anymore.”
Donald Trump announces reciprocal tariffs - follow live updates
The new tariffs, enacted under the 1977 International Emergency Economic Powers Act, represent one of the most aggressive trade measures taken by a US president in modern history. Critics warn that they could spark a global trade war, disrupt economic stability, and drive up consumer prices.
Trump has defended the tariffs as a means to generate revenue and ensure fairer trade practices. However, the move has drawn opposition from some Republican lawmakers, particularly those representing agricultural states, who fear that escalating trade tensions could harm American farmers and businesses.
Full list of countries and how much reciprocal tariff Trump has imposed:
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