President Donald Trump has declared Wednesday "Liberation Day," when he is expected to roll out a tariff plan that will emphasize his "America First" mission.
Mr. Trump announced last week that vehicles and auto parts imported into the U.S. will be subject to a 25% tariff rate. The auto tariffs are expected to go into effect at midnight, just hours after the latest round of tariff announcements by the president Wednesday afternoon.
President Donald Trump's sweeping reciprocal tariffs announcement on Wednesday has several countries taking varied approaches in how to respond.
President Donald Trump said countries, whether staunch allies or adversaries, would be subject to at least a 10% tariff.
It comes as the president recently announced a 25% tariff on imported vehicles and some auto parts among other tariffs.
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.
President Donald Trump’s promised tariffs are a day away – and they’ll go into effect sooner than some had expected. As in, immediately, the White House said Tuesday. Although many details remain unknown,
They could not have imagined a president would use emergency authority to bypass Congress and impose tariffs on the entire world.”
U.S. stocks plummeted by market close on Friday as President Donald Trump’s sweeping tariffs continue to rattle markets across the