Trump, Liberation Day and tariffs
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Washington Examiner |
President Donald Trump announced his wide-ranging slate of reciprocal tariffs on Wednesday, causing varied responses from U.S. trade partners.
Reuters |
President Donald Trump's move to impose sweeping tariffs on U.S. imports sparked threats of retaliation on Thursday, as companies and governments rushed to count the costs from an escalating trade wa...
Reuters |
World markets were left reeling on Thursday after U.S. President Donald Trump unveiled reciprocal tariffs to match duties put on U.S. goods by other countries.
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President Donald Trump said countries, whether staunch allies or adversaries, would be subject to at least a 10% tariff.
The U.S. and global markets have already started to feel the impact of Trump’s tariffs, with the U.S. stock market taking the worst hit thus far. The Wall Street slump and global dip in stocks have sparked fresh fears in economists and concerns as to whether the U.S. is heading into a recession.
President Donald Trump is scheduled to announce significant tariffs on other countries in a speech Wednesday afternoon at the White House.
President Trump is set to reveal his tariff plans as part of a "Liberation Day" ceremony at the White House. Uncertainty over tariffs has roiled financial markets in recent weeks.
The White House has remained reticent regarding the specifics of the potential tariffs and the countries it plans to target. But these countries could be on the list.
It comes as the president recently announced a 25% tariff on imported vehicles and some auto parts among other tariffs.
The tariffs are expected to follow similar recent announcements of 25 percent taxes on auto imports; levies against China, Canada, and Mexico; and expanded trade penalties on steel and aluminum.
President Donald Trump is "always up for a good negotiation," the White House said as the administration is gearing up to announce April 2 "Liberation Day" tariffs.
Trump has already restored a 25% tariff on all aluminum and steel imports, tariffs on all Chinese imports, and a 10% tariff on Canadian energy imports. A tariff on all imported vehicles goes into effect Thursday.