Trump's 'Liberation Day' tariffs
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USA TODAY |
Builders are warning once again that upcoming tariffs will raise new home prices and curb housing development ahead of a sweeping round of increases.
Reuters |
The U.S. will now impose a 10% baseline tariff on all imports to the country effective April 5 and higher duties on several of its biggest trading partners.
Reuters |
President Donald Trump just hiked tariffs by an extra 34 percentage points on those goods.
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President Donald Trump has routinely declared tariffs as one of the most beautiful words in the dictionary and has regularly accused foreign countries of ripping off the U.S.
The White House has remained reticent regarding the specifics of the potential tariffs and the countries it plans to target. But these countries could be on the list.
"The tariffs will not impact us as much as we can always cross to Mexico to buy goods such as tortillas, cheese, or snacks," Mayor Jose Grijalva told Newsweek.
President Donald Trump is touting April 2 as the day the U.S. gets "money, and respect, back." Here's why he's calling it "Liberation Day."
President Donald Trump revealed his tariff plans as part of a "Liberation Day" ceremony at the White House. Uncertainty over tariffs has roiled financial markets in recent weeks.
It comes as the president recently announced a 25% tariff on imported vehicles and some auto parts among other tariffs.
President Donald Trump said countries, whether staunch allies or adversaries, would be subject to at least a 10% tariff.
Economists fear the president’s escalating trade war could have a damaging ripple effect that drives up prices
President Donald Trump announced 10% reciprocal tariffs on all countries, as well as far higher levies for some trading partners, including China.