Trump, reciprocal tariff
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While announcing the measures, Trump invoked national security powers under a continuing state of emergency to justify the action, circumventing Congressional approval.
From Newsweek
President Donald Trump on Wednesday announced far-reaching new tariffs on nearly all U.S. trading partners — a 34% tax on imports from China and 20% on the European Union, among others — that threate...
From Associated Press
World markets were left reeling on Thursday after U.S. President Donald Trump unveiled reciprocal tariffs to match duties put on U.S. goods by other countries.
From Reuters
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The impact of the new duties on individual supply chains can be calculated from the share of imports by country and the new duty rates applied.
Trump introduced a universal baseline tariff of 10% on all imports starting April 5, with steeper levies for countries the US considers trade violators. These tariffs come on top of existing duties and are backed by emergency powers invoked under a national security pretext.
Donald Trump's preoccupation with tariffs isn't new. But economists say US history shows trade barriers end up costing consumers and businesses more.
A Western Massachusetts electrical and mechanical contractor focused on industrial projects thought 2025 was going to be a banner year. Then last month, the company had a $1 million project canceled with just 48 hours of notice and has seen half the projects that had been on the drawing boards for the rest of the year either put on hold or called off,
Photo: President Donald Trump speaks during an event to announce new tariffs in the Rose Garden at the White House, Wednesday, April 2, 2025, in Washington.