Trump rolls out tariffs on virtually all imports

On "Liberation Day," Trump announced a 10% baseline tariff on all imports to America and higher reciprocal tariffs for some 60 other countries

President Donald Trump unveils new tariffs
The tariffs are a huge gamble for a president elected on a 'wave of public anger over inflation'
(Image credit: Brendan Smialowski / AFP via Getty Images)

What happened

President Donald Trump Wednesday unveiled a baseline 10% tariff on all imported goods and steeper "reciprocal" import taxes for specific countries, including 20% for the European Union, an extra 34% for China, 24% for Japan, 46% for Vietnam and 50% for Lesotho.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
Peter Weber, The Week US

Peter has worked as a news and culture writer and editor at The Week since the site's launch in 2008. He covers politics, world affairs, religion and cultural currents. His journalism career began as a copy editor at a financial newswire and has included editorial positions at The New York Times Magazine, Facts on File, and Oregon State University.