President Trump set to enact new tariffs, impacting imported goods
- President Trump signed executive orders enacting new tariffs at a White House Rose Garden ceremony.
- The tariffs aim to address unfair trade practices from other nations, creating barriers for U.S. Products.
- The orders impose a base 10% tariff on all imports, with higher rates for specific countries, going into effect soon.
- Trump stated, "America will not be exploited by unfair trade practices anymore;" tariffs included 35% on China, 24% on Japan, 26% on India and 20% on EU.
- The tariffs are projected to impact consumers and businesses, raising prices on cars, groceries, and other imported goods.
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Economists blast calculations for 'bombshell' Trump tariffs as faulty while stocks plunge • Rhode Island Current
New Nissan cars are driven onto a rail car to be transported from an automobile processing terminal located at the Port of Los Angeles on April 3, 2025 in Wilmington, California. The Japanese automotive maker is being impacted by President Trump’s new 25 percent imported automobile tariffs. (Photo by Mario Tama/Getty Images)WASHINGTON — Markets and business owners in the United States and around the world reeled Thursday following President Dona…
'Very concerned': MAGA senator openly doubts Trump’s strategy behind key policy
This week, President Donald Trump rolled out double-digit tariffs on every country, with additional tariffs on other trade partners affecting virtually all imported goods. And even though financial markets are currently reeling, Trump said he's not worried.“I think it’s going very well,” the president said of the stock market Thursday before leaving the White House for his Florida golf resort. “We have an operation, like when a patient gets oper…

Economists blast calculations for ‘bombshell’ Trump tariffs as faulty while stocks plunge
New Nissan cars are driven onto a rail car to be transported from an automobile processing terminal located at the Port of Los Angeles on April 3, 2025 in Wilmington, California. The Japanese automotive maker is being impacted by President Trump’s new 25 percent imported automobile tariffs. (Photo by Mario Tama/Getty Images)WASHINGTON — Markets and business owners in the United States and around the world reeled Thursday following President Dona…
What if tariffs end up benefiting the Mexican automotive industry?
Again, President Donald Trump's government proposes to apply a general tariff of 25 percent to cars not produced in the United States, including those imported from Mexico, with potential effect from yesterday April 2.It is still not clear whether that rate will apply to the total value of vehicles produced in Mexico, to value added that does not come from the United States, or to value added that does not come from the T-MEC.The formula for det…
US President imposes sanctions on foreign countries
US President Donald Trump announced last night that "retaliatory tariffs," including a 25 percent tariff on all foreign-made automobile imports, would take effect at midnight local time. Trump said he would sign an executive order to put the tariffs into effect.
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