Thursday, April 3, 2025

Trump announces widespread tariffs on ‘liberation day’

  • (BBC News) President Donald Trump announced a universal 10% tariff on imports into the US in a watershed moment for global trade.
  • The US will hit certain countries with much steeper tariffs, as high as 50%.
  • Trump says the UK will have a 10% tariff on goods, and the EU’s rate will be 20%
  • In his announcement at the White House’s Rose Garden, Trump calls it “liberation day”, and says it will start a “golden age” for America.
  • The president hit out at major trade partners Canada and Mexico, saying their trade practices are “not fair”.
  • Trump also announced that the 25% tariff on all foreign-made vehicles will begin from midnight local time.

 

https://www.bbc.com/news/live/c1dr7vy39eet

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