Trump announces new tariffs on what he calls “day of liberation” in the middle of fear of higher prices star-news.press/wp

Washington – President Trump on Wednesday announced that the US will impose a minimum base value of 10% Tariffs on goods imported from all foreign countriesas well as taller, “reciprocal” tariffs on peoples imposing tariffs on American exports, despite the warnings from the economist Increased prices.

The President, who signed the executive order for the imposed tariffs, insisted that the Days of the United States were to use the County Tariffs, the country will give US exports, or less. The countries will see more than 10% include the European Union, China and Israel.

Senior Administrative Officials said 10% of the world tariff enter into force on 5. April at 12:01, and higher reciprocal tariffs enter into force on the 9th April at 12:01

“In short, chronic trading deficit are no longer economically, they are a national emergency that endangers our safety and our way of life,” said President in the White Garden in Bajeli. “And for these reasons, starting tomorrow, the United States will conduct reciprocal tariffs to other nations.”

“For the nations that are bad about us, we will calculate the combined rate of all their tariffs and other forms of cheating,” he said kind, “said kindly,” he said kind, “he said very kind,” we said Kind people. “You’re not so kind when you ripped … We’ll charge them about half of what they were charged.”

As he spoke, the President proudly retained the chart that shows new tariff rates to start to impose our federal, enemies and all between,

Countries to see “Reduced reciprocal rates”, according to the list that the White House served from China, at a rate of 34%, on top of the tariff that is already imposed in China; 20% on goods from the European Union; 32% in Taiwan; 25% on South Korea and 17% on Israel.

Canada and Mexico are not subject to the Tariffs for now, the High Official Board, but the Tariff President has already imposed, stating the issues of Fentanil and migration, perseverance.

Mr. Trump said that “terrible” imbalances of trade imbalances found the US and put national security at risk, putting guilt on previous American presidents and administrations.

“It is our declaration of economic independence,” said the president in the White House of Rose Garden. Mr. Trump wednes a “day of liberation.”

The President beat that the United States imports telephones and other electronics, as well as pharmaceutical, saying that if the war will come, now they would fight. He said that his moves on Wednesday also stand for American farmers and ranchers who “brutalized” other countries, especially the mining of Canada.

Mr. Trump said that Americans are “subsidized” a lot of other countries, calling the European Union, China, South Korea and Australia for its trade practices.

“They took so much wealth of us so much,” Mr. Trump said about other countries.

The president said that he expects the appeal of “globalists” “” “” special interests “,” false news “in the coming days, but they insisted that these groups were wrong before.

“In the first time, they said the tariffs would crash the economy,” Mr. Trump said. “Instead, we built the largest economy in the history of the world.”

In the audience for the President’s announcement, he was steel workers and car workers, browsers for Mike Johnson, as well as the majority of Mr. Trump’s bodies, including Vice President JD Vance.

What new tariffs have been published by a trump card today?

The President says his plan will put a minimum basic value of 10% tariffs in all countries on many trading partners that have their own tariffs set for the USaires previously announced in foreign cars and foreign auto parts at midnight.

The White House official stated that reciprocal tariffs are additional, which means they will be imposed on the schedule of previous tariffs, unless well excepted in Article 232 of the Law on Tariffs, which carries a flat rate to certain things like steel and aluminum.

Here are some tariff feet announced by Mr. Trump:

• China – 34%
• European Union – 20%
• Taiwan – 32%
• South Korea – 25%
• India – 26%
• Israel – 17%
• Nicaragua – 18%
• Norway – 15%
• Jordan – 20%

Countries that will see only basic tariff tariffs include: Guatemala, Honduras, Argentina, El Salvador, Ecuador, Egypt, Saudi Arabia, Australia and the United Kingdom.

Shawn Fain, President of United Auto Workers, He said the news of the CBS ‘”to face a nation with Margaret Brennan” Sunday that tariffs are one tool to get companies to return jobs back to the US

“Tariffs are tools within the tools in order to perform these companies the correct thing, and the intention of it is behind it is a job adoption here,” Fain said. “And, you know, invest in American workers. The American work class people are left for a decade, and they are sick of it.”

What exactly are the tariffs?

Tariffs are duties paid to the goods imported in the US. The most common type of tariffs are ad valorem tariffs (Latin for “according to value”) that represent a fixed percentage of product value. 25% Car tariffs are these types of tariffs.

There are also “specific” tariffs, which are charged as a fixed charge per unit and the “Tariff Rate quotas”, which are taxes to initiate a range of a certain import threshold.

What do the financial experts say about tariffs say?

Economists and taxpayer advocacy have their doubts, and warning tariffs may disturb economic growth and will surely contribute to higher prices for American consumers. Some cameras They have already announced higher car prices, after the president announced tariffs on foreign cars and parts.

More than dozen leaders in tanks and advocacy groups of taxpayers, including Tuesday, in the National Tax Mandatory Council, Council for Accommodation and Entrepreneurship, and Considerations on Steel, Wood, Energy, Pharmaceuticals and Materials and Cars and Cars and Cars and Cars and Cars and Car Prices.

“We recommend that your tariffs can, in many cases, in many cases undermine all the long-term economic goals of Trump President in increasing the costs of goods that are subject to tariffs” They wrote. “We are especially worried about the tariffs on the entrances that are needed by American manufacturers that make it difficult to compete with ready-made goods made abroad and tariffs that increase the price of supplies such as food and housing.”

Alex Jacquez, who worked at the Bisene House’s National Economic Council, said it was hard to know the exact impact of the Tariff of Mr. Trump, without knowing all the details, executive directors and shareholders who will hike.

“What are the main traders and companies that may affect the tariffs, and they plan to pass these costs in public, and that is possible,” Jacquez “, now the chief of politics and advocating the job associates on the Journalists on Tuesday.

Colin Grabow, Associate Director in Herbert Stiefel Center Institute Libertarian Cato for Trade Policy Studies, wrote In the USA, the OPD is still that “tariffs are expensive and ineffective tax that usually bears customers of import countries.”

“The Americans may have voted for lower prices in November, but under the guise of tariff reciprocity, the trump card was set up to distinguish something,” Grabow wrote.

Reporter on Tuesday asked if the president contemplates the seniors about fixed revenues that were emphasized in relation to the recent stock exchange swing, the swings are partly attributed to the presidential tariff announcements. Stocks fought Like wall street bracelets for the next round of tariffs.

“Well, for sure, they are legitimate concerns, and the president takes those worries very seriously,” Leavitt said. “And he deals with them every day. And tomorrow is the announcement of the future generations of older citizens you mentioned. To ensure that there are work in the United States to live their children, just as they probably did.”

And the president said NBC News that “he could not worry less” if his tariffs brought to cars who raise prices.

“I wouldn’t worry less if they increase prices, because people will start buying American cars,” he said for NBC.

Sara Cook And Jennifer Jacobs contributed to this report.