President Donald Trump on Saturday told followers on his Truth Social platform to “hang tough” in a post reaffirming his administration’s stance on its sweeping “Liberation Day” tariffs which shook markets this week.
Mr. Trump insists that these actions are his way of standing up for farmers and ranchers. Other nations such as Japan, China and India have charged higher tariffs than the U.S. for importing American farm goods.
It comes as the president recently announced a 25% tariff on imported vehicles and some auto parts among other tariffs.
President Donald Trump announced 10% reciprocal tariffs on all countries, as well as far higher levies for some trading partners, including China.
All U.S. imports face a baseline 10% tariff, effective Saturday. + Higher rates will apply to partners judged "bad actors" on trade. For example, Japan faces a 24% duty and the European Union faces a 20% levy,
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.
President Donald Trump announced his gargantuan "Liberation Day" tariffs. They impose 10% tariffs on imports from almost every nation in
Trump has repeatedly called April 2 "Liberation Day." He is expected to enact reciprocal tariffs on major trading partners, especially those that contribute the most to the $1.2 trillion U.S. trade deficit.
They could not have imagined a president would use emergency authority to bypass Congress and impose tariffs on the entire world.”