PRESIDENT Donald Trump has declared at least a 10% tax on all goods coming into the US in sweeping reciprocal tariffs.
Trump announced the baseline tariff for foreign countries to help “rebuild our economy” in a trade policy blitz he called Liberation Day at the White House Rose Garden on Wednesday.
The new rates “prevent cheating” by raising what the US charges on imports to match the fees other countries put on American goods, Trump said.
“It’s our declaration of economic independence,” Trump said while announcing the new measures.
He said the US will use the money generated from tariffs to “reduce our taxes and pay down our national debt.”
The fresh rates are kicking off with new auto tariffs slapping a 25% tax on all foreign-made automobiles starting Thursday at midnight.
Pictures from the scene
Trump speaking to the crowd at the Rose Garden
Trump gestures as he speaks about new sweeping reciprocal tariffs
Karoline Leavitt shares a picture
White House Press Secretary Karoline Leavitt shared a picture of Donald Trump speaking in the Rose Garden on her Instagram Story.
Leavitt shared a look at Trump speaking on Wednesday afternoon
Pictures from the Rose Garden scene
A crowd is gathered in the White House Rose Garden as Donald Trump prepares to announce sweeping reciprocal tariffs.
Workers from the steel, oil, and gas industry are in attendance as well as truck drivers and auto workers that Trump says will benefit from the tariffs.
President Donald Trump delivers remarks on tariffs in the Rose Garden at the White House in Washington DC on Wednesday
Attendees waiting for Donald Trump’s remarks in the Rose Garden at the White House on Wednesday
Trump gives a shout out to JD Vance
President Donald Trump said Vice President JD Vance is “gaining confidence” in his role as he pointed him out in the crowd.
Donald Trump speaks from the White House Rose Garden on Wednesday afternoon
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