Trump administration unveils details on sweeping tariffs
- President Trump announced new tariffs on foreign goods at the White House on April 2, 2025.
- Trump's administration stated that tariffs would decrease U.S. Reliance on foreign goods and address the $918 billion trade deficit.
- The tariffs, including 25% on auto imports, impact over 100 trading partners and are expected to heavily affect the car industry.
- Economist Hakeem Jeffries called it "recession day," while Trump claimed tariffs would create jobs and revitalize factories.
- Analysts predict the tariffs will cause economic losses and trade disruption, potentially devastating agriculture and costing trillions.
53 Articles
53 Articles
What to Buy Before Trump’s Tariffs (Potentially) Make Them More Expensive
If you purchase an independently reviewed product or service through a link on our website, Rolling Stone may receive an affiliate commission. Yesterday, Donald Trump announced sweeping import tariffs in the name of “economic independence.” “For years, hard-working American citizens were forced to sit on the sidelines as other nations got rich and powerful, much of it at our expense,” said the president. “But now it’s our turn to prosper.” T…
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