[ad_1]
President Donald Trump on Wednesday planned to impose a number of new tariffs on imports into the US.
Trump announced new tariffs at a ceremony for the “American Wealthy Again” event at the White House Rose Garden. So he declared that these new obligations would lead a wave of work for American workers.
“For countries that treat us badly, we calculate the total rate of all tariffs, non-financial barriers and other fraudulent behavior,” Trump said Wednesday.
“And we’re so kind that we’ve charged about half of what they’re and charged us,” he said. “So the tariffs wouldn’t be completely reciprocal. I could have done that. Yes, but that would be difficult for many countries.”
These are the “dirty 15” countries that Trump may target with tariffs on the release day
Secretary Commerce Howard Lutnick holds the charts as President Donald Trump speaks during an event announcing new tariffs at the White House Rose Garden on April 2, 2025.
The Trump administration’s tariff plan sets a baseline obligation of 10% for all imports into the United States, but customized tariffs are set for countries where higher tariffs are enforced on American goods. The 10% baseline tariff will take effect on Saturday, while other tariffs will take effect on April 9th.
The Trump administration previously imposed a 25% tariff on imported automobile vehicles, up to 25% tariff on certain goods from Mexico and Canada, and a 20% tariff on shipments from China. The White House said the tariffs already imposed on Canada and Mexico have not changed. However, new tariffs on China are tied to Beijing’s existing obligations.
Let’s take a look at the tariff fees the Trump administration has imposed as part of its release date.
China: 34% (including previous 20% tariffs) European Union: 20% Korea: 25% India: 26% Vietnam: 46% Taiwan: Japan: 24% Thailand: 31% Switzerland: 31% Indonesia: 32% Malaysia: 24% Cambodia: 49% South Africa: 10% Brazil: 10% Brazilapor 17% Philippines: 17% Chile: 10% Australia: 10% Pakistan: 29% Turkey: 10% Sri Lanka: 44% Colombia: 10%
The Trump administration provides a table of tariff fees that other countries charge for US imports, suggesting that the tariffs they impose were not as strict as they were to reach reciprocity.
For example, the chart says that Japan imposes a 46% tariff on US goods, while the US imposes a 24% tariff on Japanese goods imported into the US.
Why Trump wants tariffs
Trump and his administration accused them of letting go of other countries’ trade practices for a long time and engaging in unfair trade practices against the United States, arguing that tariffs would in turn help them return manufacturing jobs to the United States.
“For decades, our country has been plundered, plundered, raped and looted by both our friends and enemies nearby,” Trump said Wednesday.
Tariffs act as taxes collected by the government on foreign goods and services imported by manufacturers. According to the International Trade Bureau, they are collected while being subject to customs at foreign ports.
Tariffs are expected to affect large quantities of goods, according to the Council on Foreign Relations, from electronic devices such as iPhones, mainly manufactured in China, to other alcoholic beverages born from European Union countries such as Italy.
Trump’s new tariffs have prompted a backlash from members of both Congressional parties, warning that tariffs will raise prices for American consumers.
Specifically, the Senate moved to approve the resolution at a margin of 51-48 Wednesday evening, following Trump’s announcement to withdraw the emergency declaration on fentanyl trafficking that he used to justify his obligations in Canada. Four Republicans voted with Democrats to support the resolution, but were less likely to pass through a Republican-controlled home.
Meanwhile, other countries are opposed to tariffs, including allies such as Canada and Australia.
Trump touts the revival of the “American Dream” in historic tariff announcements
US Treasury Secretary Scott Bescent will set out following the tariff announcement at the White House Rose Garden on April 2, 2025 (Jim Lo Scalzo/EPA/Bloomberg via Getty Images)
“In our judgment, it would be negative for the US economy to affect the US,” Canadian Prime Minister Mark Carney told reporters Wednesday.
Australian Prime Minister Anthony Albanese characterized the Trump administration’s new obligations as “not a friend’s act.”
Click here to get the Fox News app
Meanwhile, Treasury Secretary Scott Bescent warned that he wanted other countries to retaliate in response to new tariffs and warned that the US would not hesitate to take action again.
“My advice to all countries now: don’t retaliate,” Bescent said in an interview with Fox News on Wednesday. “If you retaliate, there’s escalation.”
Emma Colton and Caitlyn McFall from Associated Press and Fox News contributed to this report.
Diana Stancy is a political reporter for Fox News Digital, covering the White House.
[ad_2]Source link
