Trump declares a new tariff about what he calls “liberation day” amid fears of high prices

Washington President Trump announced on Wednesday that the United States will impose a basic line of at least 10 % Definitions on imported goods from all foreign countriesAnd the highest, The “mutual” definitions The countries that impose a tariff on American exports, despite warnings from economists Price increase.

The president, who signed an executive order to impose definitions, insisted that the days of the United States benefited from “ended.” Mr. Trump said that mutual definitions will reach nearly half of the customs tariffs imposed by these countries on American exports, or less. Countries that will witness a tariff above 10 % include the European Union, China and Israel.

The senior administration officials said that the 10 % definitions around the world enter April 5 at 12:01 am, and the entry of the higher mutual definitions into effect on April 9 at 12:01 am

The president said in the announcement of the Rose Garden at the White House: “In short, the chronic trade deficit is no longer just an economic, as it is a national state of emergency that threatens our security and the same way of life.” “For these reasons, starting from tomorrow, the United States will implement a mutual tariff for other countries.”

Mr. Trump said: “For countries that deal with us badly, we will count the common rate of all definitions, non -cash barriers and other forms of cheating, and because we are very kind, we are good, very nice people,” said Mr. Trump. “You are not nice when you explode … We will charge them for nearly half of what they are, and we have been shipped.”

During his speech, the president was proudly drawing skipping

Countries that will witness “reduced mutual prices”, according to their distribution paper to the White House, includes China at a rate of 34 %, in addition to the definitions of the United States already imposed on China; 20 % on goods from the European Union; 32 % on Taiwan; 25 % on South Korea and 17 % on Israel.

Senior administration officials said that Canada and Mexico are not subject to this customs tariff at the present time, but the definitions imposed by the president already, citing the issues of fentanel and immigration.

Mr. Trump said that the “terrible” commercial imbalances have affected the United States, put national security, and blamed the presidents and departments in the former United States.

“It is the declaration of economic independence,” said the president in the White House garden. Mr. Trump described on Wednesday as “liberation day”.

The president expressed regret that American phones are importing phones and other electronics, as well as medications, saying that if there is a war, the United States will fight. He said that his movements on Wednesday also stand with farmers and livestock who was “brutal” by other countries, specifically the bombing of Canada.

Mr. Trump said that the Americans “support” many other countries, calling on the European Union, China, South Korea and Australia for their commercial practices.

“They have taken a lot of our wealth away from us,” said Mr. Trump from other countries.

The president said that he expects complaints of “globalization”, “external pigs”, “private interests” and “fake news” in the coming days, but he insisted that these groups were wrong in trade before.

“In the first period, they said that the definitions will disrupt the economy,” said Mr. Trump. “Instead, we built the greatest economy in the history of the world.”

In the attendance of the President’s announcement, steel workers, car workers and auto workers, Parliament Speaker Mike Johnson, as well as most of the cabinets of Mr. Trump, including Vice President JD Vance.

What are the new definitions that Trump announced today?

The president says that his plan will put the minimum customs tariff by 10 % on all countries, with a mutual tariff for many trade partners who have their own tariffs on the United States, the 25 % president who was previously announced on foreign cars and foreign auto parts was appointed in the middle of the night.

A White House official said that mutual definitions are added, which means that they will be imposed in addition to any previous previous tariff, unless a specific commodity is exempt under Article 232 of the customs tariff law, which carries a 25 % flat rate on certain things such as steel and aluminum.

Here are some tariff prices announced by Mr. Trump:

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

The countries that will only witness the prices of the basic tariffs by 10 %: Guatemala, Honduras, Argentina, El Salvador, Ecuador, Egypt, Saudi Arabia, Australia and the United Kingdom.

Sean Fine, United Auto Labor, United, CBS News told the nation with Margaret Brennan “ On Sunday, definitions are one tool to make companies return jobs to the United States

Fine said: “The definitions are a tool in the toolbox to make these companies do the right thing, and the help behind this is to restore jobs here.” “As you know, they invest in American workers. People have left the American working class for decades, and they are tired of that.”

What are the definitions, exactly?

Customs duties are paid duties on imported goods in the United States The most common type of customs tariff is a courage tariff (Latin “according to value”), which represents a fixed percentage tax on the value of the product. 25 % car tariffs are these types of definitions.

There is also a “specific” tariff, which is imposed as fixed drawings for each unit, and “customs tariffs rates”, which are the taxes that are operated by reaching a specific import threshold.

What do financial experts say about the definitions?

Economists and taxpayers defense groups have their doubts, warnings that customs tariff may disturb economic growth and will definitely contribute to the high prices of American consumers. Some car manufacturers companies I have already announced the high prices of cars, after the president announced a tariff for foreign cars and spare parts.

More than ten leaders in the intellectual centers and groups of defense of taxpayers, including in the National Tax Union, the Tax Protection Alliance, the Small Business Council and Entrepreneurship, and the Institute of Competitive Institutions sent, on Tuesday, the car, the car, the car, the medical car, the car, the car, the medical car, the medical car, the medical car, the medical car, the medical car, the increase, the increase Prices.

“We encourage you to think about whether the definitions, in many cases, undermine President Trump’s economic goals in the long run by increasing the cost of goods subject to tariffs,” They wrote. “We are particularly concerned about the customs tariff for the inputs needed by American manufacturers that make it difficult to compete with ready -made goods made abroad and definitions that increase the price of essentials such as food and housing.”

Alex Jackers, who worked in the National Economic Council of the White House Biden, said that although it is difficult to know the exact impact of Mr. Trump’s definitions without knowing all the details, the CEOs tell investors and shareholders that they will represent prices.

“What is planned by senior retailers and companies who may be affected by definitions, and they are planning in public places here is to transfer these costs to consumers as much as possible,” said Jaczz, the head of politics and the invitation in the first place, in conducting an invitation with the correspondents on Tuesday.

Colin Jarabo, Assistant Director at the Herbert Stepl Center for Commercial Policy Studies, Commercial Policy Studies Center books In the article of the United States of America today, “Definitions are an ineffective and ineffective tax that are usually borne by the customers of the imported country.”

“The Americans may have voted to reduce prices in November, but under the title of identification ideal, the Trump administration is scheduled to offer something completely different.”

On Tuesday, one of the correspondents asked if the president was considering the elderly about the fixed income who are under pressure on the recent fluctuations in the stock market, and partly attributed to the president’s identification ads. I have struggled As the Wall Street calendar for the next round of definitions.

“It is certainly legitimate concerns and the president takes these concerns seriously,” Levit said. “He addresses them every day. Tomorrow’s announcement is to protect future generations from the elderly I mentioned. It is for their children and grandchildren, to ensure that there are jobs here in the United States of America for their children to live the American dream, just as they are supposed to do so.”

The president told NBC News that “he cannot care for a lesser extent” if his definitions lead to car manufacturers raising their prices.

“I couldn’t care less if they raised prices, because people will start buying US -made cars,” NBC told NBC.

Sarah Cook and

Jennifer Jacobs

He contributed to this report.