Trump's 'Liberation Day' Tariffs Loom
Digest more
Top News
Overview
Event details
CBS News |
"I think it's a very sad situation that farmers are the ones who helped put him into office, and we are the ones who are taking the hit."
The Economist |
From just 2.3% in 2024, the average American tariff on imports is now expected to rise immediately to about 30%—where it was in the late 1800s.
Yahoo |
The 10 percent baseline goes into effect April 5.
Read more on News Digest
President Donald Trump's sweeping reciprocal tariffs announcement on Wednesday has several countries taking varied approaches in how to respond.
4hon MSN
Vietnam had a trade surplus of $123.5 billion with the U.S. last year, leading analysts to warn earlier this year that the country was most at risk. Hanoi had tried to win itself a reprieve by preemptively cutting import duties in the lead-up to April 2.
President Donald Trump announced reciprocal tariffs and a 25% tariff on car imports on his much-anticipated "Liberation Day" tariff rollout.
Canada responded to Trump's tariffs and announced 25% tariffs on all U.S. vehicles that are not compliant with the United States-Mexico-Canada Agreement.
Donald Trump announced a sweeping new set of reciprocal tariffs on Wednesday, arguing that they would allow the United States to succeed. Trump's tariffs, which he imposed via executive order, are expected to send economic shockwaves around the world.
Explore more
If the average tariff rate passes 20%, that could push the US into stagflation territory and give the economy a growth shock, Citi says.