US EditionTrump announces 10% baseline tariff on all imports, higher 'reciprocal' tariffs against select countries
- President Donald Trump announced a reciprocal tariff plan that includes a 10% baseline tariff on imports and higher rates for specific countries like China and the European Union, affecting over 20 nations.
- Trump stated that this plan aims to rebalance trade relationships and encourage manufacturing in the U.S., outlining tariffs of 34% for China and 20% for the European Union.
- Senate Minority Leader Chuck Schumer warned that American families could pay over $5,000 due to these tariffs, predicting increased prices for goods across the board.
- House Minority Leader Hakeem Jeffries criticized the plan, claiming it would hurt the economy and stating, 'It's Recession Day in the United States of America.
773 Articles
773 Articles
The High Point Enterprise
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.
InsideNoVA.com
US trade partners eye talks after Trump tariff blitz
Major US trade partners pilloried US President Donald Trump's global tariffs onslaught on Thursday, but left the door open to negotiations as markets tumbled over fears his trade war would damage the world economy.
'Inflation day': How Germany is responding to the latest round of US tariffs
In the latest blow to the German economy, US President Donald Trump announced blanket tarriffs of 20 percent on all EU imports on Wednesday. How have German business leaders, politicians and the media responded to the news?
NOQ Report
Union Workers Say Trump’s Tariffs Are a “Very Positive Thing” for the Auto and Steel Industries
(DCNF)—Union workers in the automobile and steel industry said Wednesday that President Donald Trump’s tariffs on foreign imports is a “very positive thing” for their industries. Trump announced that the U.S. will be imposing reciprocal tariffs, including a 25% tax on imported automobiles, on nations that have placed taxes on American goods in hopes of returning manufacturing jobs to the U.S. In response, James Benson Jr., an auto worker from Mi…
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