Trump announces 10% baseline tariff on all imports, higher 'reciprocal' tariffs against select countries
- President Trump announced tariffs on Wednesday, including a 10% baseline on imports.
- Trump declared tariffs to narrow the gap with other countries' taxes on U.S. Goods.
- Trump also imposed higher rates on nations with trade surpluses, fulfilling a campaign promise.
- Trump stated, "reciprocal means they do it to us and we do it to them," explaining his policy.
- Economists worry prices may rise for consumers, though the effect depends on business responses.
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782 Articles
‘Trump is testing his presidency on these tariffs’: Reciprocal tariffs rolled out on most nations
Matt Dowd, Democratic Strategist, David Gura, Bloomberg News Anchor and Correspondent, and Vaughn Hillyard, NBC News White House Correspondent joins Nicolle Wallace on Deadline White House with reaction to Donald Trump’s tariff rollout and how the risks of raising costs for all consumers in the United States threatens his legacy in his second term.
Countries eye trade talks as Trump tariff blitz roils markets
Major US trade partners pilloried US President Donald Trump's global tariffs onslaught on Thursday, but left the door open to negotiations as markets tanked over fears his trade war would damage the world economy.
Donald Trump's customs duties: the European Union says it's ready to react
The US President has put his threats into effect: he launched his major trade war called "liberation day." A basic customs duty of 10% is imposed on all goods imported into the United States. For about 60 countries, it is the cold shower. They are being imposed extra duties very high, levied on all or almost all of their exports. For its part, the European Union will be hit to the tune of 20% and already announces the response.
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