Resistance is futile, make a deal: Trump's tariff message to the world
President Trump unveiled ‘Liberation Day’ tariffs on April 2, 2025, imposing a baseline 10% tariff on all imports and specific higher rates on key trading partners like China (34%) and the EU (20%). Describing the global trade system as having ’looted, pillaged, raped and plundered’ the United States, Trump declared a national economic emergency, potentially disrupting international economic relationships and opening avenues for economic leverage.
Key Actors
Sources (4)
- Trump announces reciprocal tariffs on dozens of nations and sweeping 10% tariff (2025-04-02)
- Trump announces broad tariffs at 'Liberation Day' White House event (2025-04-03)
- Trump rolls out sweeping tariffs as he deems deficits a 'national emergency' (2025-04-03)
- Trump just massively escalated his trade war. Here's what he announced (2025-04-02)
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