President Donald Trump is scheduled to announce significant tariffs on other countries in a speech Wednesday afternoon at the White House.
Aides struggled to satisfy the president’s competing priorities before settling on a plan to both raise revenue and boost corporate onshoring.
President Donald Trump on Wednesday unveiled sweeping global tariffs of at least 10% on goods imported from most U.S. trading partners.
Long-threatened tariffs from U.S. President Donald Trump have plunged the country into a global trade war — all while on-again, off-again new levies further escalate uncertainty.
On top of a baseline 10% tariff against the entire world, individual countries will face additional tariffs based on how “unfairly” Trump believes they are treating the U.S. It turns out, however, that the White House may have used rudimentary suggestions from a chatbot to come to its calculations.
The absence of Russia on the president’s new list of countries that he’ll hit with steep tariffs did not go unnoticed on social media. Critics were quick to accuse Trump of kowtowing to Russian President Vladimir Putin, whom Trump has for years expressed his admiration of.
Trump has for weeks trumpeted April 2 as a "Liberation Day" that will see dramatic new duties that could upend the global trade system, with a White House Rose Garden announcement scheduled for 4 p.m.
1don MSN
President Donald Trump has announced far-reaching new tariffs on nearly all U.S. trading partners — including a 34% tax on imports from China and 20% on the European Union, among others.
It comes a day after Trump announced far-reaching new tariffs on nearly all U.S. trading partners — a 34% tax on imports from China and 20% on the European Union, among others — that threaten to dismantle much of the architecture of the global economy and trigger broader trade wars.