President Trump introduced new tariffs on foreign imports, citing unfair trade practices as a primary motivation. He framed these tariffs as vital to protect American jobs and industry, declaring a significant turning point in U.S. economic history. Effective from April 5, a blanket 10% tariff will apply, along with individualized tariffs for specific countries with the highest trade deficits with the U.S. Critics warn that such measures could provoke a recession and impact global trade relations critically, while supporters believe it will recover lost American manufacturing.
For decades, our country has been looted, pillaged, raped and plundered by nations near and far, both friend and foe alike, Trump told an audience of manufacturing workers, cabinet members and journalists.
April 2, 2025, will forever be remembered as the day American industry was reborn, the day America's destiny was reclaimed, Trump said.
We will charge them approximately half of what they are and have been charging us. So the tariffs will be not full reciprocal, Trump said.
Trump explained that his team calculated the individualised tariffs by taking half of what he claimed those countries charged the US for its exports.
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