Washington — President Trump on Wednesday announced the U.S. will impose a minimum baseline of 10% tariffs on goods imported from all foreign countries, as well as higher, “reciprocal” tariffs on nations that impose tariffs on U.S. exports, despite warnings from economists over increased prices. The president, who signed an executive order to impose the tariffs,
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“Canada and Mexico, they continue to be subject to the national emergency related to fentanyl and migration,” a White House official said. U.S. President Donald Trump unveiled his long-promised plan seeking to rebalance global trade with reciprocal U.S. tariffs on April 2, but didn’t impose new tariffs on Canada and Mexico. A senior White House
President Trump announced two new types of tariffs on April 2, or what he’s calling “Liberation Day,” aimed at erasing trade deficits between the U.S. and its trading partners. The two new tariffs are: A 10% universal import duty on all goods brought into the U.S. So-called reciprocal tariffs that will be applied to imports
President Donald Trump announced his highly anticipated trade plan from the Rose Garden of the White House on Wednesday, which he has declared "Liberation Day."