Trump announces new tariffs about what he calls “Liberation Day” in the midst of fear of higher prices


Washington – President Trump announced on Wednesday that the US will impose a minimum basic value of 10% Tariffs on the goods imported from all foreign countriesAs well as higher, “reciprocal” tariffs about nations that impose tariffs on American exports, despite the alerts of economists Increased prices.

The president, who signed an executive order for the imposed tariff, insisted that the days of American advantages be exploited “completed”. The reciprocal tariffs, said Mr. Trump, will present about half of the tariff rates that impose these countries on US exports or less. Countries that will see tariffs greater than 10% include the European Union, China and Israel.

Senior Administration officials said that 10% of the world tariffs entered into force on April 5 at 12:01, and higher reciprocal tariffs enter into force on April 9 at 12:01

“In short, chronic trade deficits are no longer just economic, they are a national emergency emergency emergency that threatens our safety and our lifestyle,” said the President in the announcement of White House Rose Rose Garden. “And for these reasons, starting tomorrow, the United States will implement reciprocal tariffs to other countries.”

“For nations that treat us badly, we will calculate the combined rate of all their tariffs, non-monetary barriers and other forms of cheating, and since we are very kind, we are kind people, very kind,” said Mr. Trump. “You are not so kind when you have run … we will charge them about half of what they are and charge us.”

As he spoke, the president proudly held a chart that shows that the new US tariffs would start imposing to allies, enemies and everyone in between,

Trump

President Donald Trump speaks during the event to announce new tariffs in Rose garden at the White House, Wednesday, April 2, 2025, in Washington.

Mark Schiefelbein / AP


Countries that will see “discounted reciprocal rates”, according to a list given by the White House, include China at a rate of 34%, on top of the tariffs that are now imposed by China; 20% on goods from the European Union; 32% in Taiwan; 25% in South Korea and 17% on Israel.

Canada and Mexico are not subject to these tariffs so far, senior administration officials said, but the tariffs already imposed by the president, stating questions of fental and migration, perseverance.

Mr. Trump said that the “terrible” trade imbalances have harmed the US -Ii endangering national security, which blamed the previous US presidents and administration.

“This is our declaration of economic independence,” said the President in the Garden of Rose White House. Mr. Trump marked “Liberation Day” on Wednesday.

The president complained that US Imports of Phone and Other Electronics, as well as pharmacists, were saying that if the war, if the war, would now fight. He said his moves on Wednesday advocate for US farmers and rancers that other countries “brushed out”, especially exploding Canada.

Mr. Trump said that Americans “subsidize” a lot of other countries, urging the European Union, China, South Korea and Australia to their trade practice.

“They have taken so much of our wealth from us,” said Mr. Trump of other countries.

The president said he expects complaints from “Globalist”, “Outsourcers”, “Special Interests” and “False News” in the days ahead, but insisted that these groups were not wrong in the store before.

“In the first term, they said that the tariff would overthrow the economy,” Mr. Trump said. “Instead, we built the greatest economy in the history of the world.”

The audience for the president’s announcement included steel workers and auto players, president of the Mike Johnson House, as well as most of Mr. Trump’s cabinet, including Vice-President JD Vance.

Which new tariffs have announced today Trump?

unnamed.jpg

The White House of President Trump shows which nations will see larger tariffs on export to the United States. April 2, 2025.

White house


The president says his plan will set up a minimum of 10% tariffs on all countries, with reciprocal tariffs to many trade partners who have their own tariffs set on the US, 25% of tariffs previously announced by the president on foreign cars and foreign car parts that will take effect at midnight.

The White House official said that the reciprocal tariffs are additive, which means that they will be imposed on the previous tariffs already existing, unless well well -setting from Article 232. The Law on Tariffs, which carries a straight 25% rate on certain things like steel and aluminum.

Here are some tariff rates Mr. Trump announced:

  • China – 34%
  • European Union – 20%
  • Taiwan – 32%
  • South Korea – 25%
  • India – 26%
  • Israel – 17%
  • Nicaragua – 18%
  • Norway – 15%
  • Jordan – 20%

Countries that will see only the basic 10% of the tariff rates include: Guatemala, Honduras, Argentina, El Salvador, Ecuador, Egypt, Saudi Arabia, Australia and the United Kingdom.

Tariff prices

The reciprocal tariff rates on China, Taiwan, India, Japan and the European Union were among the tariffs that President Trump announced on April 2, 2025.

CBS News


Shawn Fain, President of Workers United Auto, Said CBS News “Face the nation with Margaret Brennan” On Sunday, these tariffs are one tool to get companies to get a business back to the US

“Tariffs are a tool tools to make these companies the right things, and the intention is to get the job back here,” Fain said. “And, you know, invest in American workers. People from US working class have been left for decades and are sick of that.”

What are tariffs, exactly?

Tariffs are duties paid on the goods imported to the United States The most common type of tariff is tariff ad valorem (Latin for “by value”), which represent a fixed percentage tax on the value of the product. 25% of car tariffs are these types of tariffs.

There are also “specific” tariffs that are charged as a fixed charge per unit and “tariff quotes”, which taxes are launched by reaching a certain import of imports.

What do financial experts say about tariffs?

Economists and advocacy groups of taxpayers suspect their doubts and warn that tariffs could upset economic growth and will almost certainly contribute to the higher prices of American consumers. Some car manufacturers They have already announced higher cars prices, after the president announced the tariffs on foreign cars and parts.

More than a dozen heads of advocate for research and taxpayers, including the National Association for the Protection of Taxpayers, Federation of Taxpayers, Council for Small Entrepreneurship and Entrepreneurship and Institute of Competitive Entrepreneurship, on Tuesday sent a joint letter to congress leaders and police officers, according to the tariffs.

“We encourage you to consider whether tariffs can, in many cases, undermine the wide long -term economic goals of President Trump by increasing the costs of goods subject to tariffs,” ” They wrote. “We are particularly concerned about the tariffs on the inputs needed by American manufacturers who make it difficult to competition with finished goods made abroad and tariffs that increase the price of supplies such as food and apartments.”

Alex Jacquez, who worked at the National Economic Council of White House Biden, said that although it is difficult to know the exact impact of Mr. Trump’s Tariff without knowing all the details, executive directors tell investors and shareholders to walk prices.

“What the main merchants and companies to which tariffs could be planned to do and here plan to transmit these costs to consumers as much as I can,” said Jacquez, now the head of politics and advocating in cooperation with the basic Tuesday.

Colin Grabow, Associate Director of the Libertarian Cato Commercial Policy Studies Center, Herbert A. Stiefel, wrote In the USA Today, “tariffs are expensive and ineffective taxes that are usually carried by the customers of the country of imported land.”

“The Americans may have voted for lower prices in November, but under the guilt of tariff reciprocity, Trump administration should provide something very different,” Grabow wrote.

On Tuesday, the journalist asked Leavittt if the president was thinking of older about a fixed income, stressed by the recent swing on the stock market, and Swings was partly attached to the presidential tariffs. Shares fought As Wall Street bracelets for the next round of tariffs.

“Well, these are legitimate worries and the president of that concern is taken very seriously,” Leavitt said. “And he addresses them every day. And tomorrow’s announcement is to protect the future generations of older citizens you mentioned. This is for their children and grandmothers, to ensure that there are jobs in the United States in the United States that their children live the American dream, as they probably did.”

And the president told NBC News that “he couldn’t worry less” if his tariffs lead to a car formation.

“I wouldn’t care if they increase prices because people will start buying cars made of American American,” he told NBC.

and

contributed to this report.



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