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Trump announces new US tariffs of at least 10% on all imports

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The US stock market has suffered sharp falls in response to the tariffs, with the Dow Jones Industrial Average plummeting by 1,137 points, or 2.7%. Other major stock indexes in the US and around the world have also fallen, with the FTSE 100 in London sliding 1% and the Dax in Germany dropping 1.61%. The tariffs have sparked widespread criticism and anxiety around the world, with many warning of the dangers of a trade war. Trump, however, claims that the tariffs are necessary to protect American workers and industries, and that they will "bring back our country" from the brink of economic collapse.

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    1. It will push up costs for American households.
    2. President Trump referred to reciprocal tariffs. A reciprocal tariff would be zero, not 10%.
    3. No one has got a better deal. That doesn't mean it's a good thing [but] it's very clear that president Trump was determined to go down this road.
    4. We will not weaken the measures that protect our farmers and producers from the risks of disease or contamination.
    1. It's clear the U.S. is no longer a reliable partner.
    2. It's essential to act with purpose and with force, and that's what we will do.
    3. We will not disadvantage Canadian producers and Canadian workers relative to American workers.
    1. China and the EU are both export-oriented economies. We should really strengthen our cooperation now. The unstable world needs more stability urgently.
    1. China firmly opposes this and will take countermeasures to safeguard its own rights and interests.
    2. China urges the US to immediately cancel unilateral tariff measures and properly resolve differences with trade partners through equal dialogue.
    1. We do not necessarily want to retaliate but, if it is necessary, we have a strong plan to retaliate and we will use it.
    2. We will also be watching closely what indirect effects these tariffs could have. Because we cannot absorb global overcapacity, nor will we accept dumping on our markets.
    1. The big tech companies have an incredible dominance in Europe and are largely exempt from European taxes.
    1. We are pretty sure that we are indeed going to see an adverse effect on production.
    2. It is an imperialist stance that we had somewhat forgotten about but which is returning with great force and great determination.
    1. A trade war is in nobody's interest, and the country deserves, and we will take, a calm, pragmatic approach.

Trump's tariffs

  1. Donald Trump Announces 90-Day Tariff Reduction with China
  2. US and China Reach New Agreement on Tariffs After Ongoing Trade Negotiations in Geneva
  3. Donald Trump Proposes Significant Reduction in China Tariffs Amid Ongoing Trade Negotiations

sources

  1. 1.DW News
  2. 2.Al Jazeera
  3. 3.France 24
  4. 4.The Guardian
  5. 5.CNA News
  6. 6.The Times of India
  7. 7.CNN
  8. 8.South China Morning Post
  9. 9.ABC News (Australia)
  10. 10.BBC
  11. 11.The New York Times
  12. 12.CGTN

perspectives

  1. 1.US under Donald Trump
  2. 2.Chinese Foreign Policy
  3. 3.US-China Relations
  4. 4.Immigration to the US
  5. 5.US Economy
  6. 6.Inflation
  7. 7.Trade Agreement
  8. 8.World Economy
  9. 9.US-India relations
  10. 10.Mexico under Claudia Sheinbaum
  11. 11.US-EU relations
  12. 12.United States–Mexico–Canada Agreement

countries

  1. 1.United Arab EmiratesAE
  2. 2.AlbaniaAL
  3. 3.AngolaAO
  4. 4.ArgentinaAR
  5. 5.AustraliaAU
  6. 6.Bosnia and HerzegovinaBA
  7. 7.BangladeshBD
  8. 8.BulgariaBG
  9. 9.BahrainBH
  10. 10.Brunei DarussalamBN
  11. 11.Bolivia, Plurinational State ofBO
  12. 12.BrazilBR

organizations

  1. 1.White HouseUS
  2. 2.European Union
  3. 3.Republican Party
  4. 4.European Commission
  5. 5.AppleUS
  6. 6.Nike
  7. 7.Democratic PartyUS
  8. 8.Nasdaq
  9. 9.Brown University
  10. 10.KPMG
  11. 11.Capital EconomicsGB
  12. 12.World Trade Organization

persons

  1. 1.Donald TrumpUS
  2. 2.Ursula Von Der LeyenDE
  3. 3.Anthony AlbaneseAU
  4. 4.Keir StarmerGB
  5. 5.Giorgia MeloniIT
  6. 6.Howard LutnickUS
  7. 7.Mark CarneyCA
  8. 8.Scott BessentUS
  9. 9.Karoline LeavittUS
  10. 10.Peter NavarroUS
  11. 11.David SmithGB
  12. 12.Olaf ScholzDE

technicals

  1. 1.White House Rose Garden
  2. 2.United States–Mexico–Canada Agreement
  3. 3.International Emergency Economic Powers Act
  4. 4.Liberation Day
  5. 5.World War II
  6. 6.Covid-19 Pandemic
  7. 7.Parmigiano Reggiano
  8. 8.iPhone
  9. 9.Windsor Castle
  10. 10.Eurozone
  11. 11.North American Free Trade Agreement
  12. 12.Swanton Sector