The so-called Liberation Day plan sets out broad, country-specific duties on US trading partners
US President Donald Trump on Wednesday announced a new round of sweeping tariffs, part of what he has branded his ‘Liberation Day’ plan, raising concerns over a potential global trade war.
Washington is introducing customs duties on all countries based on the principle of reciprocity, Trump has announced, calling it a day of economic independence for the United States.
The president confirmed that the 25% global tariffs on cars and trucks will take effect as scheduled on Thursday, with duties on imported automotive parts set to begin on May 3.
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