Trump gives remarks on ‘Liberation Day’ tariffs
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New York Post |
President Trump's plan to impose tariffs on global imports is intended to level the playing field, according to the administration.
Reuters |
So far, Washington has said the base 10% tariffs will go into effect on April 5 and the higher rates on April 9.
Bossip |
According to CNN, these tariffs will ultimately cost American families $2100 per year.
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Donald Trump's latest batch of global tariffs sent shockwaves through markets, seeing Apple stock slide more than six percent in late-night trading Wednesday. The president announced that blanket 10 percent tariffs on all countries and much higher levies on “worst offenders” such as China and Taiwan.
Few details of the announcement are known prior, creating anxiety among the business community and global leaders.
President Donald Trump has been calling April 2 "Liberation Day" as he reportedly plans a new round of tariffs.
President Trump has set a deadline of Wednesday to announce sweeping tariffs
President Trump announced the U.S. will impose a minimum baseline of 10% tariffs on goods imported from all foreign countries, along with further "reciprocal tariffs."
The president's long-awaited tariff announcement will come on the same day Trump faces a possible rebuke from the Senate. Enough Republicans are expected to join Democrats on Wednesday in voting to end the emergency declaration enabling tariffs against Canada.
As our stock market live blog covered (and as my colleague ... which saw their worst one-day sell-off since 2020, as "Liberation Day" tariffs surprised markets. "Magnificent Seven" tech stocks ...
President Donald Trump is set to announce a barrage of tariffs Wednesday in what he is calling “Liberation Day."
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