President Donald Trump imposed the steepest American tariffs in a century, stepping up his campaign to reshape the global economy and unnerving investors who see a trade war as a risk to US growth.
The sweeping tariffs President Donald Trump announced Wednesday, combined with his other import levies, likely would plunge the nation and world into a deep recession if he follows through on the plan, economists say.
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The plan includes a 10% baseline tax on imports from all countries and higher tariff rates on dozens of nations that run trade surpluses with the United States.
President Trump on Wednesday announced he was imposing reciprocal tariffs on dozens of nations, citing what he called years of unfair trade practices. Trump announced in the Rose Garden that all
For instance, Trump said, the U.S. estimated a total trade barrier rate of 67% for China, meaning the U.S. would impose a 34% tariff in response. The U.S. assessed a European Union trade barrier rate of 39%, Trump said, adding that the U.S. reciprocal tariff would register at 20%.
White House senior counselor Peter Navarro offers greater insight into President Donald Trump’s tariff and trade policies on ‘Jesse Watters Primetime.’
President Donald Trump declared that April 2 is Liberation Day in the United States and ordered the establishment of reciprocal tariffs on all imported foreign goods from countries that charge
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A CNBC host calls Trump's new sweeping tariffs "worse than worst case scenario" as the market responds to the president's orders.
President Donald Trump announced his highly anticipated trade plan from the Rose Garden of the White House on Wednesday, which he has declared "Liberation Day."