‘Friend is worse than the enemy’: Donald Trump’s country-specific tariff

President Donald Trump announced a 25 percent tariff on all foreign automobiles as he launched his Big Liberation Day announcements that he would bring back the job in the country and manipulate the Golden Age of America. The friend is worse than the enemy, Donald Trump said, saying that he does not blame countries for the stunning of America, but for allowing former presidents to allow it. Tariffs will make America rich again, Trump said that America can no longer take care of other countries, but will put American interest first.
“In a few moments, I will sign a historical executive order setting a mutual tariff on countries around the world. Reciprocal: It means they do it with us and we do them. It is one of the most important days, one of the most important days, in my opinion, in American history. Action, we are going to be able to make America again great, we are going to be able to make America again, more than before.”
Trump said, “None of our companies are allowed to go to other countries. And I say, friends and enemies – and in many cases, friend is worse than the enemy in terms of business.” “But such horrific imbalance has destroyed our industrial base and put our national security at risk.”
Trump announced that it would not take the same amount to countries that they charge and are sufficient to offer exemption in mutual tariffs. “We can really be very rich. We can be very rich than any country, it is not even reliable, but we are getting smart,” said Trump. The President said, “I blame the former presidents and previous leaders who were not doing their work. They allowed it to happen, and they allowed it to an extent that no one can believe it. That is why, the midnight, effective, will impose 25% tariff on all foreign-made automobiles,” the President said.
List of mutual tariffs of some countries

Trump said that after reading some mutual tariffs, Trump said that the conversation call would now be flooded. And for this the way will have to be withdrawn on American products first. The stock market took a hit in the hourly trading after the announcement of a comprehensive new tariff by President Trump, with a stator rates that target select nations, starting at 10%.
SPDR S&P 500 ETF Trust, which reflects the performance of S&P 500, fell about 2% after the news. Meanwhile, Invesco Qqq ETF, tied to the NASDAQ-100 index, declined by about 2.6%.

What is the base of the tariff?

Trump said that he was kind and some countries have provided adequate discounts, while high rates have been imposed on the “worst criminals”. The White House told reporters that the “baseline” 10 percent tariff would begin on April 5 at 12:01 pm (0401 GMT), while the higher rate on various partners will start at 12:01 pm on April 9.