Trump imposes 10% tariff on almost all countries, it is called ‘economic freedom’

US President Donald Trump declared a national emergency to implement his comprehensive new tariff policy, called the “Liberation Day” tariff, which implements 10 percent of the basic duty on almost all imports. Measures that include stator “mutual” Levies on major colleagues such as the European Union, Japan and Israel were unveiled on Wednesday after the closure of stock trading.
Speaking from Rose Garden, Trump described the move as a “declaration of economic freedom”, which emphasizes its importance to the American economy. “This is one of the most important days, in my opinion, in American history. It is our announcement of economic freedom,” he said.
“Factories will return to our country – and you are already watching it. We will supercharged our domestic industrial base. We will open foreign markets and break foreign trade obstacles.”
Trump, who has long advocated these tariffs, said, “If you look at my old speeches, where I was young and very beautiful … I would be in a television show, I am talking about how we were bursting from these countries. I mean, I do not change anything,” he said.
“This is an honor that finally be able to do so.”
‘America’s golden age’
The new tariffs, which will be effective from 12.01 pm on Saturday, significantly increase the average American tariff rate, which are almost three times the base line of pre-January. Emotional duties, which are corresponding to the trade deficit with individual countries, will be implemented from April 9. These include 20 percent tariffs on European Union imports, 24 percent on Japanese goods and 17 percent on Israeli products.
“We will charge them by about half the which they are and are charging us,” Tusrap Explained.
“Finally more production at home will mean strong competition and low prices for consumers. It will actually be the Golden Age of America.”
Trump pointed to the era of pre -1913, when the US trusted tariffs instead of income tax. “From 1789 to 1913, we were a tariff-supported nation and the United States was the most rich that has ever been,” he said. He blamed the change in income tax for economic recession including great depression. “If they had lived with tariff policy, it would never have happened.”
The President announced that April 2, 2025, “It would be remembered forever that the US industry was reborn on the day the fate of America was re -achieved, and the day we started making America rich again.”
A white House The colleague described tariff rates as calculated on fair and trade deficit. “The numbers have been calculated by the Council of Economic Advisors … Based on the concept that we have the shortage of business practices with any country, the sum of all cheating,” the official said. “This is the most appropriate thing in the world.”
A message for countries set up
Trump criticized foreign tariffs and rules, referring to Australian sanctions on US beef, European Union sanctions on American poultry and Japanese taxes on US rice. Australia will see 10 percent less tariffs due to its trade surplus with the US, however, other countries will face stator rates: Cambodia 49 percent, India 26 percent, Iraq 39 percent, Iraq 39 percent, South Africa 30 percent, South Korea 25 percent, Sri Lanka 44 percent, Switzerland 31 percent, Taiwan 32 percent, Thaland 36.
Israel, despite receiving American military aid, faces 17 percent tariffs with the US due to a $ 7.4 billion trade deficit. A senior administration official said further, “Israel stole a lot of intellectual property from pharmaceutical manufacturers in this country.”
White house officials confirmed that 10 percent of the baseline tariffs were designed to prevent strict country-specific levies, asking China to re-export, citing alleged use of Cambodia and Vietnam in China.
The 78 -year -old leader argued that if tariffs and trade barriers created poverty, every country must have been running to remove them.
He added, “For all foreign presidents, Prime Ministers, Kings, Queens, Ambassador and all those who will soon call to ask for these tariffs for exemption, I say,” Finish your own tariffs, leave your obstacles. “
Reversing the decades of financial stress
Trump justified the decision required to reverse decades of economic loss. “For decades, our country has been looted, fed, raped, and by close and distant nations, both friends and enemies alike,” said “auto workers, steelwork and farmers addressing.
The New York Post quoted Trump as saying, “American steel workers, auto workers, peasants and skilled artisans – we still have a lot with us – they are really seriously suffering.”
A tax foundation analysis estimated that the blanket 10 percent tariff could raise $ 200 billion annually in the next decade, covering about tenth of the federal deficit. However, the analysis warns that vengeance from other countries may reduce revenue as economic activity is slow.
The President also emphasized its push to approve tax reforms for the Republican of the Congress, including the abolition of federal taxes on tips, overtime and social security benefits, as well as allowing tax deduction for domestic car loan interest.
Additionally, the White House confirmed the new 25 percent tariff on non-US-non-transportation imports from Canada and Mexico, targeting illegal immigration and fennel smuggling. 25 percent of tariffs on all foreign-made cars and auto parts are ready to be effective at 12.01 pm on Thursday, affecting 75 percent of vehicles sold in the US.
This was followed by Trump’s recent tariff hike for phentinel smuggling on China, as well as for the February steel and aluminum duties, which ended the previous exemption for major exporters such as Brazil and South Korea.
Accounting for US 43 percent imports together with Canada, China and Mexico, analysts are closely looking at how the new tariffs will affect trade flow. While China’s “mutual” tariff was set to 34 percent, its interaction with the current, even high tariffs is uncertain.
Impact on market
After the announcement, the hourly stock markets were sent to tumbling, S&P 500 futures 1.7 percent, Nasdaq 100 futures 2.5 percent, and Dow Jones Industrial Average futures were sent with 0.7 percent sliding.
Critics warned that tariffs could promote inflation, which can spoil the 22 percent price increase during the Biden’s presidential post. Although Trump said inflation was low during its first term, despite the earlier tariffs, suggesting prices would not necessarily increase under new policies.
Trump has also indicated on additional tariffs on computer chips, copper, wood and pharmaceuticals, especially excluded from the latest round of measures.