Trump announces new tariffs on what he calls

Washington – President Trump announced on Wednesday that the United States will impose a minimum baseline of 10% Tariffs on goods imported from all foreign countriesas well as higher, “Reciprocal” tariffs on nations that impose tariffs on US exports, despite the warnings of economists about Price increase.

The president, who signed an executive order to impose the rates, insisted that the days of the United States being “ended”. The reciprocal tariffs, Trump said, will amount to approximately half of the rate rate that these countries impose on US exports, or less. Countries that will see tariffs greater than 10% include the European Union, China and Israel.

Senior administration officials said that world tariffs of 10% enter into force on April 5 at 12:01 am

“In summary, chronic commercial deficits are no longer simply economic, they are a national emergency that threatens our security and our same way of life,” said the president in an advertisement of the White House rose garden. “And for these reasons, starting tomorrow, the United States will implement reciprocal tariffs in other nations.”

“For the nations that treat us badly, we will calculate the combined rate of all its rates, non -monetary barriers and other forms of trap, and because we are being very friendly, we are friendly, very friendly people,” Trump said. “You are not so kind when they scam you … we will charge you approximately half of what they are and we have been loading.”

While talking, the president proudly held a table that shows the new tariff rates that the United States will begin to impose on allies, enemies and all intermediates.

The countries that will see “reciprocal rates with discount”, according to a sheet delivered by the White House, include China at a rate of 34%, in addition to the rates that the United States already imposes on China; 20% on goods of the European Union; 32% in Taiwan; 25% on South Korea and 17% in Israel.

Canada and Mexico are not subject to these rates for now, said administration officials, but tariffs persist that the president has already imposed, citing fentanyl and migration problems, persist.

Trump said “horrendous” commercial imbalances have harmed the United States and have put national security at risk, which blames the presidents and administrations of the previous United States.

“It is our declaration of economic independence,” said the president in the Rosas Garden of the White House. Mr. Trump labeled Wednesday “Liberation Day.”

The president regretted that the United States imports phones and other electronic, as well as pharmacists, saying that if there is a war, the United States would fight. He said that his movements on Wednesday are also defending American farmers and ranchers who have been “brutalized” by other countries, specifically flying to Canada.

Trump said Americans “subsidize” many other countries, calling the European Union, China, South Korea and Australia for their commercial practices.

“They have taken much of our wealth,” Trump said about other countries.

The president said he expects complaints from “globalists”, “subcontractors”, “special interests” and “false news” in the next few days, but insisted that these groups have been wrong about the trade before.

“In the first term, they said the tariffs would crash the economy,” Trump said. “On the other hand, we build the greatest economy in the history of the world.”

At the President’s announcement were the steel workers and car workers, the president of the House of Representatives, Mike Johnson, as well as the majority of Mr. Trump’s cabinet, including Vice President JD Vance.

What new tariffs announced Trump today?

The president says that his plan will place a minimum baseline of 10% of tariffs in all countries, with reciprocal tariffs in many commercial partners who have their own rates in the US. UU.

A White House official said that reciprocal tariffs are additives, which means that any previous rate will be imposed in place, unless a specific good is exempt under section 232 of the Rate Law, which carries a flat rate of 25% in certain things such as steel and aluminum.

These are some of the rates Trump announced:

• China – 34%
• European Union – 20%
• Taiwan – 32%
• South Korea – 25%
• India – 26%
• Israel – 17%
• Nicaragua – 18%
• Norway – 15%
• Jordan – 20%

The countries that will only see the tariff rates of 10% of the baseline include: Guatemala, Honduras, Argentina, El Salvador, Ecuador, Egypt, Saudi Arabia, Australia and the United Kingdom.

Shawn Fain, president of United Auto Workers, Said “Face the Nation of News with Margaret Brennan” Sunday that tariffs are a tool for companies to bring jobs to the United States.

“Tariffs are a tool in the toolbox so that these companies do the right thing, and the intention behind this is to bring back work here,” Fain said. “And, you know, invest in American workers. The people of the American working class have been left behind for decades, and are fed up with that.”

What exactly are rates?

Tariffs are tariffs paid for imported goods to the US. The most common type of rates are AD VALEM rates (Latin for “according to the value”), which represent a fixed percentage tax on the value of a product. Automatic 25% tariffs are these types of rates.

There are also “specific” rates, which are collected as a fixed load per unit, and “rate rate fees”, which are triggered taxes when reaching a specific import threshold.

What do financial experts say about tariffs?

Economists and taxpayers defense groups have their doubts, and they are warning rates could alter economic growth and almost surely contribute to higher prices for US consumers. Some car manufacturers I have already announced higher cars prices, after the president announced tariffs on cars and foreign parts.

More than a dozen leaders in the Defense Groups of Thoughts and Taxpayers, even in the National Taxpayers Union, the Taxpayer Protection Alliance, the Council of Small Business and Entrepreneurship and the Institute of Competitive Companies, sent a Joint Letter to a joint letter to joint leaders of the Congress and the secretaries of shops and treasures, the tasuros, the tariffs to consider how the tariffs in Steel, Lumber, Energy, Pharmaceutical and Medicharmace.

“We encourage it to consider whether the rates can, in many cases, undermine the broader long -term economic objectives of President Trump by increasing the cost of goods subject to tariffs,” they wrote. “We are especially concerned about tariffs on the inputs that American manufacturers need to compete with finished products made abroad and tariffs that increase the price of needs such as food and homes.”

Alex Jacquez, who worked in the National Economic Council of the White House of Biden, said that although it is difficult to know the exact impact of Mr. Trump’s rates without knowing all the details, CEOs tell the investors and shareholders that they will be walking prices.

“What the main retailers and companies that can be affected by tariffs plan to do and are planning in public here is to approve these costs to consumers as much as they can,” said Jacquez, now head of policy and defense of the collaboration of work based on work, in a call with journalists on Tuesday.

Colin recordow, associate director of the Herbert A. Stiefel Center for Herbert A. Stiefel of the Cato Libertarian Institute, wrote in an opinion article by USA Today that “tariffs are an expensive and inefficient tax that are generally born by the customers of the importing country.”

“Americans may have voted lower prices in November, but under the appearance of tariff reciprocity, the Trump administration will deliver something very different,” said recordow.

A journalist asked Leavitt on Tuesday if the president is thinking of older people with fixed income who are stressed by recent swings in the stock market, they are partially attributed to the president’s fees ads. The actions have fought While Wall Street prepares for the next Round of Rates.

“Well, certainly, they are legitimate concerns and the president takes those concerns very seriously,” Leavitt said. “And he goes to them every day. And tomorrow is to protect future generations of the elderly he mentioned. It is for their children and grandchildren, make sure there are work here in the United States of America so that their children live the American dream, just like presumably.”

And the president told NBC News that “he could not matter less” if his tariffs lead to car manufacturers to increase their prices.

“I couldn’t matter less if prices increase, because people will start buying cars made in the United States,” he told NBC.

Sara Cook and Jennifer Jacobs contributed to this report.

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