Trump, Liberation Day and tariffs
Digest more
Top News
Overview
Impacts
USA TODAY |
Economists have previously told USA TODAY that tariffs, when broadly applied, raise consumer prices for goods.
The New York Times |
President Trump unveiled yesterday his most expansive tariffs to date, hitting all of the U.S. trading partners except Canada and Mexico with a 10 percent tariffs.
CNN |
Foreign countries, including long-time US allies, say Trump’s tariffs won’t go unanswered, setting the stage for a global, tit-for-tat trade war that could quickly spiral out of control.
Read more on News Digest
Trump announced a range of new tariffs on April 2, his so-called "Liberation Day."He signed an executive order to impose reciprocal tariffs and a 25% tariff on car imports.Some economists warned that uncertainty around the tariffs could strain consumers and businesses.
Experts warn that U.S. reciprocal tariffs on Indian goods could impact various sectors, including agriculture, pharma, and electronics.
President Donald Trump said on Wednesday that he would impose a 10% baseline tariff on all imports to the United States and higher duties on dozens of the country's biggest trading partners, deepening a trade war that he kicked off on his return to the White House.
President Donald Trump has unveiled a raft of new tariffs on countries around the world on what he's dubbed 'Liberation Day' as he promises to 'make America wealthy' again
Explore more