Trump announces tariffs, the highest import taxes since the 1800s [View all]
Source: msn
Story by Courtenay Brown • 1h •
President Trump announced a baseline 10% tariff on U.S. imports, with steeper reciprocal levies on goods from Europe, Japan, China and more than 50 other nations.
Why it matters: Trump's announcement ends the free-trade era that has defined global commerce for decades — a move that risks higher consumer prices and economic damage.
What they're saying: "This is one of the most important days in my opinion, in American history," Trump said in remarks delivered at a "Liberation Day" event in the Rose Garden.
"We will supercharge our domestic industrial base, we will pry open foreign markets and break down foreign trade barriers," Trump added.
............................
What to watch: It is President Trump's gamble to revive domestic manufacturing, raise revenues to offset tax cut costs and push other nations to adhere to non-trade related demands..........................
Read more: https://www.msn.com/en-us/money/markets/trump-announces-tariffs-the-highest-import-taxes-since-the-1800s/ar-AA1CaWBn?ocid=winp1taskbar&cvid=f7a5ccf26dea4b308bee241ddae4997b&ei=13
= new reply since forum marked as read