U.S. President Donald Trump on Wednesday announced far-reaching new tariffs on nearly all U.S. trading partners — a 34% tax on imports from China and 20% on the European Union, among others — that threaten to dismantle much of the architecture of the global economy and trigger broader trade wars.
Trump, in a Rose Garden announcement, said he was placing elevated tariff rates on dozens of nations that run meaningful trade surpluses with the United States, while imposing a 10% baseline tax on imports from all countries in response to what he called an economic emergency.
The president, who said the tariffs were designed to boost domestic manufacturing, used aggressive rhetoric to describe a global trade system that the United States helped to build after World War II, saying “our country has been looted, pillaged, raped and plundered” by other nations.
The action amounts to a historic tax hike that could push the global order to a breaking point. It kickstarts what could be a painful transition for many Americans as middle-class essentials such as housing, autos and clothing are expected to become more costly, while disrupting the alliances built to ensure peace and economic stability.
Trump said he was acting to bring in hundreds of billions in new revenue to the U.S. government and restore fairness to global trade.
“Taxpayers have been ripped off for more than 50 years,” he said. “But it is not going to happen anymore.”
Trump declared a national economic emergency to levy the tariffs. He has promised that factory jobs will return to the United States as a result of the taxes, but his policies risk a sudden economic slowdown as consumers and businesses could face sharp price hikes.
Trump was fulfilling a key campaign promise as he imposed what he called “reciprocal” tariffs on trade partners, acting without Congress under the 1977 International Emergency Powers Act. But his action Wednesday could jeopardize Trump's voter mandate in last year's election to combat inflation. Several Republican senators, particularly from farm and border states, have questioned the wisdom of the tariffs. U.S. stock market futures sold off sharply overnight in anticipation of the economy weakening, after having already dropped since the start of this year.
“With today’s announcement, U.S. tariffs will approach levels not seen since the Smoot-Hawley Tariff Act of 1930, which incited a global trade war and deepened the Great Depression," said Scott Lincicome and Colin Grabow of the Cato Institute, a libertarian think tank.
The president's higher rates would hit foreign entities that sell more goods to the United States than they buy, meaning the tariffs could stay in place for some time as the administration expects other nations to lower their tariffs and other barriers to trade that it says led to a $1.2 trillion trade imbalance last year.
The new tariffs will come on top of recent announcements of 25% taxes on auto imports; levies against China, Canada and Mexico; and expanded trade penalties on steel and aluminum. Trump has also imposed tariffs on countries that import oil from Venezuela and he plans separate import taxes on pharmaceutical drugs, lumber, copper and computer chips.
Canada and Mexico would not face higher rates on what they're already being charged by Trump in what he says is an effort to stop illegal immigration and drug smuggling. As of now, goods that comply with the USMCA North American trade pact would be excluded from those tariffs.
But the 20% charged on imports from China due its role in fentanyl production would largely be added to the 34% announced by Trump. The specific products that Trump is tariffing, such as autos, would be exempt from the tariffs unveiled Wednesday, as would products such as pharmaceutical drugs that he plans to tariff at a later date.
Threats of backlash
None of the warning signs about a falling stock market or consumer sentiment turning morose have caused the administration to publicly second-guess its strategy, despite the risk of political backlash.
Senior administration officials, who insisted on anonymity to preview the new tariffs with reporters ahead of Trump's speech, said the taxes would raise hundreds of billions of dollars annually in revenues. They said the 10% baseline rate existed to help ensure compliance, while the higher rates were based on the trade deficits run with other nations and then halved to reach the numbers that Trump presented in the Rose Garden.
The 10% rate would be collected starting Saturday and the higher rates would be collected beginning April 9.
Trump removed the tariff exemptions on imports from China worth $800 or less. He plans to remove the exemptions other nations have on imports worth $800 or less once the federal government certifies that is has the staffing and resources in place.
Based on the possibility of broad tariffs that have been floated by some White House aides, most outside analyses by banks and think tanks see an economy tarnished by higher prices and stagnating growth.
Trump would be applying these tariffs on his own; he has ways of doing so without congressional approval. That makes it easy for Democratic lawmakers and policymakers to criticize the administration if the uncertainty expressed by businesses and declining consumer sentiment are signs of trouble to come.
Rep Suzan DelBene, D-Wash, said the tariffs are “part of the chaos and dysfunction” being generated across the Trump administration. The chair of the Democratic Congressional Campaign Committee stressed that Trump should not have the sole authority to raise taxes as he intends without getting lawmakers' approval, saying that Republicans so far have been “blindly loyal.”
“The president shouldn’t be able to do that," DelBene said. "This is a massive tax increase on American families, and it’s without a vote in Congress. ... President Trump promised on the campaign trail that he would lower costs on day one. Now he says he doesn’t care if prices go up — he’s broken his promise.”
Even Republicans who trust Trump's instincts have acknowledged that the tariffs could disrupt an economy with an otherwise healthy 4.1 % unemployment rate.
“We’ll see how it all develops,” said House Speaker Mike Johnson, R-La. “It may be rocky in the beginning. But I think that this will make sense for Americans and help all Americans.”
Allies brace themselves
Longtime trading partners are preparing their own countermeasures. Canada has imposed some in response to the tariffs that Trump tied to the trafficking of fentanyl. The European Union, in response to the steel and aluminum tariffs, put taxes on 26 billion euros ($28 billion) worth of U.S. goods, including on bourbon, which prompted Trump to threaten a 200% tariff on European alcohol.
Many allies feel they have been reluctantly drawn into a confrontation by Trump, who routinely says America's friends and foes have essentially ripped off the United States with a mix of tariffs and other trade barriers.
The flip side is that Americans also have the incomes to choose to buy designer gowns by French fashion houses and autos from German manufacturers, whereas World Bank data show the EU has lower incomes per capita than the U.S.
The Chinese government delivered a measured response to the new tariffs, saying in a statement: “China believes that protectionism leads nowhere, and trade and tariff wars have no winners. This has been widely recognized in the international community.”
Canadian Prime Minister Mark Carney said Trump's new tariffs would “fundamentally change the international trading system." He noted that the tariffs already in place against his country and those Trump says he plans to add will be fought with countermeasures.
“In a crisis, it’s important to come together and it's essential to act with purpose and with force and that’s what we will do,” Carney said.
Italy’s conservative Premier Giorgia Meloni said Trump's new tariffs against the EU were “wrong” and Italy would work toward an agreement with the United States to avoid a trade war that would weaken all involved.
Basic Fun CEO Jay Foreman, whose company is behind such classic toys as Tonka trucks, Lincoln Logs and Care Bears, has been working hard to come up with new ways to cut tariff-related costs like reduce packaging and eliminate batteries with the products.
But Trump’s announcement that he plans a 34% increase in tariffs on Chinese imports has solidified his decision to hike prices. Most of the company’s toys are made in China. He said the Tonka Mighty Dump Truck will go from $29.99 to $39.99 this holiday season, possibly even $45.
“There is no other way,” he said.
Associated Press writers Anne D'Innocenzio in New York, Rob Gillies in Toronto and Didi Tang and Lisa Mascaro in Washington contributed to this report.
© Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.
154 Comments
factchecker
Making Americans pay more for everything.
deanzaZZR
OK Japan, what is your response?
kurisupisu
The US tariffs (see picture) are either half of foreign counterpoints or equal to.
Donald Trump and his team have been more than fair.
Massive investment inflows into the U.S. and worker support show that America is on the way to a better place!
Tokyo Guy
I expect the talking points have already been disseminated to Fox and the like:
"This genius strategy by the King will bring glory to the motherland within a period of time yet to be specified but which can be changed at will as circumstances dictate".
deanzaZZR
Phony numbers
https://www.nytimes.com/live/2025/04/02/business/trump-tariffs-liberation-day
Yrral
Foreigner do not have to pay sale taxes on goods in America
buchailldana
Looted and pillaged eh?
Don't overdo the hyperbole .
He is so in love with his ego
He'll be bored in a day or too and do his next outlandish, deranged move.
deanzaZZR
Yahoo! Finance did a good job showing the complete list of countries and tariffs. Some of the numbers are head scratching. Afghanistan sits at the lowest rate of 10% for some reason. Ouch for India and Bangladesh.
https://finance.yahoo.com/news/live/trump-tariffs-live-updates-trump-reveals-liberation-day-tariffs-across-over-150-countries-191201863.html
HappySmiles
Trump supporters must be furious!
The chart Trump’s holding in the photo above shows he’s giving all those countries a “discounted tariff” — not charging them what they charge the U.S.
Another campaign promise broken, I guess.
Hiro
Fair enough. They have the balls. Globalization was never gonna work anyway. We should hit Europe with our tariffs too. We import way too much stuff and destroying our own local industries. Especially the food sector is completely gotten out of hand.
kurisupisu
No, not phony numbers.
Some US products are taxed much more.
Japan charges hundreds of per cent on US rice.
Is that fair?
Try buying US cheese in Japan or any cheese and see that prices are ridiculous.
On US tobacco it is around 30%
How about Japan’s outright ban on foreign skis back in the eighties?
The combinatory tariff rate on the chart shows a modest assessment of Japanese import taxes.
ok1517
Going full ballistic that divider-in-chief.
Surprise, surprise, Russia not on that list! Of course he can't and won't go against his dictator buddy in the Kremlin!
But the "country Europe" is, as well as Heard Island and McDonald which has a population of 0 people and is inhabited only by penguins (10% tariffs!). Using a 1975-style chart trying to explain.
In addition, economists (unbiased may I add) predict the US will lose $64 billion just in tourism business in addition to the $ 6 trillion Americans will pay for his tariffs!
Say good-by to the USA we once knew and cherished. Say Hello to the dic(K)traitorship in the making!
Underworld
Complete BS to sell his "tariffs". Liberation Day indeed. It will be known as the day that Trump wrecked the US economy.
Obara
If people don't like it they have choices.
Buy Adidas instead of Nike.
Samsung instead of apple.
Toyota instead of Ford.
Vote with your wallet.
Bobby Franks
Called it! Yep, I predicted months ago Japan would be able to negotiate a tariff exemption! Yep, that was me.
(I’m obviously a genius. Or not.)
deanzaZZR
Show us the methodology and it can be checked by a few leading economists to get their opinion.
Hercolobus
The Thief judges by his condition.
Newgirlintown
The US stock market has absolutely tanked since this loser got in.
buchailldana
Liberation day hahaha
More like Tantrum day
TokyoLiving
Tantrump day..
plasticmonkey
Dumbest. President. Ever.
I'veSeenFootage
I fully support Trump's recession-driving policies and look forward to them hurting the people who voted for him.
Yrral
Higher prices mean higher sale taxes
HonestDictator
The orange idiot believes the modern day economy of the US is the exact same as it was back in the 1800s!!!! Good news is the rest of the world isn't playing the !$@#$ game and the RED states that put him in power are going to get the first brunt of the BS they chose. I have no more F's to give and no compassion or empathy for those that support or supported him. Farmers are losing their farms to big agriculture. Car manufacturers have raised prices on cars due to materials costing more. The company I work for is having supplier and cost issues with providing much needed medication to our clients. The shortages keep growing, and our allocations are smaller. It is only going to get worse. But the Trumpeteer cult are literally so far up their "dear leader's" hindquarters, they can't see the light unless it's literally putting their lives in searing hot coals of hellfire.
Good news is some MAGAts are finally waking up as their lives are being destroyed. But as always with the MAGAt mind, they expected Trump to hurt OTHERs and not them... The GOP town halls are quite entertaining these days as MAGA constituents yell and scream at empty seats that should have GOP congress/senate representatives who don't show up because they're terrified to face their "people" face to face. Some even have recordings on their answering machines filled with their voters threatening all manners and sorts of violence on them.
I just wish I didn't have to suffer from these fools poor choices. We're done here.
Bob Fosse
“Taxpayers have been ripped off for more than 50 years," Trump said in remarks at the White House. "But it is not going to happen anymore.”
How much tax does he pay? Zero wasn’t it.
When the economy doesn’t enter a new golden age and taxes don’t decrease Will maga finally see that the ones raping and pillaging are 47 and his buddies?
No, of course they won’t. They’ll blame somebody else.
plasticmonkey
Looting, pillaging, and plundering all mean the same thing. This speech was obviously written by someone with high school-level rhetorical skills.
And how is it possible for a country to be economically raped?
deanzaZZR
Hey, you make Bush Jr. blush.
patkim
He makes it sound like the U.S. was illegally invaded by other countries under false pretenses. A lot like what Russia did to Ukraine.
kurisupisu
American factory workers (any here?) certainly seem to be supportive of the President-not surprising though…
HonestDictator
American factory workers (any here?) certainly seem to be supportive of the President-not surprising though…
They used to be supportive... until it hurt them. A lot of unions that supported Trump, a lot of "latino/muslim/veterans" etc for Trump are now either terrified or livid of their support for him. Too little, too late...
JJE
This special tariff operation was definitely provoked.
plasticmonkey
How many emergencies has he declared now? How many entities and demographic groups is the U.S. supposedly “at war” with?
It’s just foolish political theater. And destructive.
quercetum
Japan charging its ally almost twice as much.
That must be hard for Ishiba to understand. Why do that to your friends?
3RENSHO
Yrral Today | 06:57 am JST
"Foreigner do not have to pay sale[SIC] taxes on goods in America"
Hi, Backwards Larry! Tariffs have nothing to do with value-added sales taxes! You are welcome!
itsonlyrocknroll
The photo the dramatic, "moses" a single table aloft inscribed by the finger from a god of trade and commerce
President Trump cannot resist shamelessly exalting his role, as the global tariff terminator.
The over-the-top hyperbolic White House Rose Garden theatrics against the invading foreign hordes
Out to 'loot, pillage, plunder and rape'
Rape?
The mind boggles, “rape” the US “economy”, that thought will haunt me for the rest of my life. be afraid the "Vikings" are coming invading a store mall near you!
TaiwanIsNotChina
You know, it's actually not a bad move, but unfortunately this requires a very deft hand and this is a team of idiots.
TaiwanIsNotChina
Yes you would like us to pretend that the Yuan isn't pegged to the US dollar to this very day.
Disillusioned
Another politician with short sighted views. This might help the US in the immediate future but in the long run it will do more harm than good.
TaiwanIsNotChina
Now is Trump going to apply a reasonable formula to Canada or is it just going to be ketchup on the wall?
quercetum
Trump understands economic wars. He’s fighting a trade war. You all should get behind him. Would you rather fight a hot war?
Economic wars are efficient wars. No concrete rubble to clean up.
Peter Neil
I have a solution. Look at a map and draw a circle around the U.S.
Every other country should realize that circle is now an economic enemy. It’s the perfect opportunity for China, Japan, EU, Canada, South America, India, Africa and even Russia to work together toward more trade with each other, lower tariffs with each other, avoid the U.S. and don’t invite the U.S. meetings.
itsonlyrocknroll
Fact Sheet: President Donald J. Trump Declares National Emergency to Increase our Competitive Edge, Protect our Sovereignty, and Strengthen our National and Economic Security
https://www.whitehouse.gov/fact-sheets/2025/04/fact-sheet-president-donald-j-trump-declares-national-emergency-to-increase-our-competitive-edge-protect-our-sovereignty-and-strengthen-our-national-and-economic-security/
A more detailed breakdown, make of this as you will.
Also...
President Trumps announcement..........Trumps tariffs: Announcement Highlights
https://www.youtube.com/watch?v=uAKzmKBAWuM
Peter Neil
Trillions of dollars were wiped from 401K’s within minutes of Trump’s silly theatrics.
More fallout on the way. This day will live in on as the day a president lit the fuse to blowup the economy of the U.S.
patkim
He says things that he himself has done to others. Withholding payment for work already done, hiring undocumented immigrants to work in his hotels. Also, let's not forget the money he's already wasted by his many times he's played golf so far. He's on pace to break his record of times playing golf in his first term, and we all know that money goes to his Mar-Alago golf resort.
TaiwanIsNotChina
Hey, if it takes out the guy lighting the fuse, I'm all for it.
Desert Tortoise
Higher prices mean fewer buyers, fewer units sold, so maybe ( likely ) not.
Wasabi
History will be hard on the US and trump, this is the most idiotic move ever according to most macroeconomic specialist.
Chico3
And the country continues to tumble down on the "happiness" index.
Actually, his voters and supporters already did that. He just set the explosive. Looks like they found out.
rainyday
The rest of the world still wants trade and investment. How about we all just trade and invest with each other and let the US stew in its own dank hole while we create a new international economy without it?
Levy counter tariffs, support local businesses and employees that are temporarily harmed, withdraw investment from the United States, establish new trading partners and stop using the dollar as a means of settling accounts. A combination of these is the playbook for the rest of the world.
Tokyo Guy
The head penguin on the Heard and McDonald islands is apparently prepared to negotiate, although Trump's handlers in the Kremlin are concerned that the penguin may outsmart him.
Bob Fosse
Does someone need to explain to him that a reciprocal tariff of 10% on an existing tariff rate of 10% is not ‘discounted’?
wallace
I listened to his entire speech while I watched the football. He blamed the destruction of the US manufacturing industry on foreign countries. It was the major American companies that did by moving their productions to cheaper labor countries reducing the manufacturing sector to just 10% of the GDP.
The UK and the US have almost a balanced trade, but Trump still introduced a 10% UK tariff.
bass4funk
I’m so excited, this is going to be so great!!!
itsonlyrocknroll
This could lead to a complete global review reset of how countries continents trade.
UK has been negotiating a more balanced reciprocal trading relationship. And is reported not going to enter any thought of retaliatory action.
PM Keir Starmer cleverly dodged a bullet, as a 10 percenter
Angry retaliatory huff puffs could be followed by Trump simply doubling down.
Drop the tariffs to a more equitable agreed level
John-San
It not Political wrong. It morally wrong. Breaking long work out establish contract and agreements on trade without any dialog. The USA society will pay dearly not in the pockets but in their sole and lifestyle. What type of massage it send out to a society with already in ground problems and morally weak will see a deterioration to the USAmerican family unit. Breaking legal contracts at a whim. A society with an illicit drug problem and lacking any decent universal heathcare system. They voted for this and the middle and lower class and the poor will pay an expensive financial and moral price by endorsing Trumpism.
GuruMick
Without going into details about the future USA , I will simply ask how did America become , by far, the worlds preeminent economic and military power if others have been "plundering " it ?
It has been top of the pile since WW2 and now you want more ?
lincolnman
The ranting and ravings of a true demented idiot...who ain't foolin' no one with this theater to deflect from his Signalgate debacle and massive loss in Wisconsin yesterday...
You're crumbling, crashing, and burning Donald - along with all your other MAGA Mental Midgets...
Peter Neil
Trump working on his 5th, or is it 6th bankruptcy?
"The biggest bankruptcy in the history of the world, the likes of which no one has ever seen before. It's going be the golden age of bankruptcy by your favorite president. It's liberation day, the day we liberate you from your money, jobs, houses and retirement."
Simon Foston
bass4funkToday 08:53 am JST
Is it ever hard for you, not being able to say a single critical thing about Trump, Musk and other white, male right-wing politicians and oligarchs?
bass4funkToday 09:05 am JST
Oooohh. A business owner! Are we all supposed to be impressed?
zulander
Are all these REEEEEEEEEEEEEEEEEEEEEEEE people
1) completely against tariffs of any kind?
2) completely against any tariff from Trump?
3) Just completely against Trump?
It is rather unclear.... as there have been many tariffs/subsidies in place around the world in various industries..........
Sven Asai
Pure theory and maybe nice on paper. If now the golden future begins and all those big investments and regained workload streams in, who will do all those jobs? The aging white old in seniors' residences or the already extradited migrants virtually from their home countries?
GuruMick
America and the MAGA boosters have exhausted all the cheerleading...lets be quiet for a while and see if works.
Maybe a "stable genius " can see things the worlds pre eminent economists outside the "Magasphere " cannot.
If history is a guide, the trash pile of Trumps failed businesses, and his seeking protection from the Courts to not pay debts on many occassions would incline a rational person to say "No, Trump is a B grade player with his hands on the real machinery of Govt. "
Peter Neil
Can we talk about the blatant lies by Trump in his garden party?
No, EU VAT is not a tariff. Even a 12-year old knows that. It's paid by domestic and foreign companies. A reseller of products gets it back.
He lied about the trade numbers with Canada.
He lied that American cars can't be sold in Japan. There is no tariff on imported cars in Japan. Mercedes, Audi, VW don't seem to have any trouble. No one wants crappy American cars.
Just like his conviction for tax fraud, he lies, inflates and deflates numbers to suit his thieving personality.
wallace
bass4funk
Trump already told his cabinet in a meeting.
Musk's employment is not being renewed. He will be terminated if you like. Semantics. You were someone who posted he be a major part of the Trump administration.
No need to buy a Tesla now. Pity Tesla sales are well down.
bass4funk
You don’t need to worry about none of that.
Sure, if they do something outrageous that would be serious detrimental to the nation, I absolutely would.
Judging by that expressive emotionally laced comment, I guess you are.
Mohan
Looks like he could not use excel sheet well to calculate the discounted taxes. Probably an elementary school student is better at numbers.
Or was it Musk's son sitting on the shoulders gave him the numbers to put on chart?
Desert Tortoise
That assumes either nation currently regulates that trade. As far as I am aware they do not. Rather fentanyl is shipped to the US by criminal organizations that are certainly not telling the Mexican or Canadian governments what they are doing.
The way to solve the problem is to address the addictions that drive demand for fentanyl. Reduce the demand signal. It is the US problem to solve. Blaming and punishing neighboring nations for the drug cravings of Americans is reprehensible.
wallace
It would help if Trump and his super-rich pals paid taxes.
Bob Fosse
Can you explain how these tariffs will positively impact your business?
I absolutely guarantee 100% that you cannot.
Bob Fosse
It has been proven they don’t. 47 released his tax returns. Remember?
Peter Neil
Dow futures just cratered 1000 points. I'm pretty sure those folks know a little about business.
I'veSeenFootage
Whenever someone tells you all these tariffs are good for the economy, you immediately know two things:
A)That person doesn't know anything about economics
B)That person doesn't know anything about business, and most certainly doesn't own one.
GBR48
Tariffs and reciprocal tariffs in response are just taxes on citizens. Other nations will take the opportunity to raise tariff taxes in response whilst blaming the US.
Tariffs are toxic. They wreck trade and destabilise regimes who levy them.
bass4funk
Tariffs aren’t just a tool—they’re a strategic necessity. Without them, we would be allowing foreign countries to flood our markets with cheap goods, undercutting our industries, the few we have left and putting hardworking people out of jobs, which is exactly what Dems want! A nation that can’t produce for itself is a nation that’s vulnerable. Tariffs level the playing field, ensuring that American businesses aren’t forced to compete against foreign companies that exploit cheap labor, weak regulations, and government subsidies, there are some risks associated with tariffs we know, but overall, they are an effective tool to bring the parties together.
Strong economies are built on production, not just consumption. But libs don’t know anything about this because these socialists rely on taxpayer money to stay fat like a rat. If we rely too much on imports, we lose control over our supply chains and become dependent on nations that don’t have our best interests at heart. Tariffs incentivize domestic manufacturing, create jobs, and keep wealth circulating within our own borders. It’s not about isolation—it’s about strength, self-reliance, and economic security and I am so glad that we finally have a President that talks the talk and walks the walk.
Well, I just did.
NZ
First result is JPY exchange rate as USD have lost some 2+JPY against yesterday.146.88 as TTB right now rate of SMBC.
Lets see how this will continue.
And what Japan will do about it together with China and ROK/I saw some news abt that here some days ago/
Dango bong
charging others what they charge you makes perfect sense
Bob Fosse
Not even close. I said your business. The one you started talking about.
You just copy pasted some vague claptrap.
stormcrow
I’m afraid to watch.
As for tariffs, they basically amount to being taxes which consumers will have to pay for.
Bob Fosse
By owning hundreds of patents in China, making all his tat there and paying almost zero taxes.
What a strange thing to admire.
bass4funk
Wrong again
Libs admiring libs is a strange phenomenon as well
Bob Fosse
It’s documented fact.
u_s__reamer
The world should give the lawless USA a taste of its own medicine by implementing a "Cuban Embargo" treatment until the people rid themselves of their ignorant, buffoonish "dictator for a day".
change
If you want to have American cars running in Japan, you gotta widen the road networks in Japan.
Why would I wanna drive an F-15 to go to buy an Onigiri from the Family Mart on the corner when a Hijet truck can take me there
itsonlyrocknroll
I suggest the economic devastation of this pandemic forced a global rethink on the extremes of globalisation.
Some countries simply ignored the monetary fiscal outcomes.
The long supply chains, the cost harm to the environment. The hideous use of child labour to race to the bottom.
If social justice truly exists, then President Trump trade war, reciprocal tariffs could force a change long overdue.
Peoples cannot continue to trade in a manner, that is at the expense of another's well being.
WA4TKG
Basically, any negative comments on here are from people that are totally anti-USA anyway, so nothing you say will make any difference
Blacklabel
Yet another great buying opportunity based on irrational fear.
JJE
Every cloud has a silver lining:
Trump administration notably did not include Russia on the list of countries that will face heavy new tariffs.
By contrast, Ukraine was slapped with a 10% rate, according to the fact sheet released by the WH.
BB
DJT's tariff campaign is more aggressive than Smoot Hawley was, and that didn't end very well, did it. There's a price to be paid for electing an ignoramus to power.
chotto_2
BMW largest unit plant is in SC.
Orange goon imposes tariffs to get foreign car makers to move manufacturing to Germany.
If I was a manufacturer I'd be looking to cut my losses in the US and take business elsewhere.
OssanAmerica
What Japanese person would buy American rice over Japanese rice if they were priced the same? LOL
What person Japanese or otherwise would buy American cheese over those available from the EU? I grew up on it and it doesn't compare.
Tobacco should be taxed and tariffed regardless of country of origin until the terrible addictive habit is eliminated from all societies.
How about it's 2025 and a tariff from 45 years ago is about as irrelevant as you can get.
justasking
I don't think American citizens will be happy to take factory jobs. I said citizens, because I am pretty sure they'd get the illegal immigrants back to work for them as it has always been.
wallace
Why did Trump exclude Putin from his Tariff War?
plasticmonkey
Of course. Don’t want to start a gang war with another mob boss.
Mr Kipling
Ford cut their losses and left. Due to the high cost of dealerships and small sales I know that back in the 2010's the only overseas manufacturer actually making a profit on cars sold in Japan was Mercedes. This may have changed but not by much. The likes of Renault, Peugeot, Dodge, Land Rover etc are not making a cent in Japan.
JJE
Trump may have excluded Russia from tariffs because just hours ago senior Russian official and investment envoy Kirill Dmitriev arrived in Washington (for talks with Witkoff). They waved his travel ban. He is the most senior official to visit since 2022.
wallace
BREAKING: U.S. Senate has voted 51-48 to roll back Trump’s tariffs on Canada, with Republican Senators Lisa Murkowski, Mitch McConnell, Rand Paul, and Susan Collins voting in favor.
JJE
That won't go anywhere in the House. Watch.
kurisupisu
Well,all the present bleating is just background noise fading to inconsequentiality.
Tariffs are now a stone cold reality.
Isn’t it a thing when the US is able to turn them on and off like a tap whereas it takes Japan years to reduce them by small percentages?
Japan knows a thing or two about tariffs and shouldn’t be blinking in their glare.
Personally, I look forward to more choices in Japan in the future…
MAGA!
John-San
I don’t think any idiot can explain why did Trump sign off to all this global looting ripping off raping, pillaging and plundering in his last term and the agreement since have not been altered. Come on idiots tell us all why Trump sign off to these agreements???? Could he have dementia ??? Or you all have forgotten conveniently because it was his policies that was agree to.
Blacklabel
Speaking of jobs, did you see those outstanding jobs numbers for March?
“Companies added 155,000 jobs in March, a sharp increase from the upwardly revised 84,000 in February and better than the Dow Jones forecast for 120,000, according to ADP.
On the wage side, earnings rose by 4.6% year over year for those staying in their positions and 6.5% for job changers. The gap between the two matched a series low.”
OssanAmerica
I anticipate that the US weapons export industry will now be facing tougher buyer terms from US allies. US farmers and exporters of agriprods are in for a rough time. There are considerable downfalls to implementing tariffs in the manner shown by Trump.
Trump claims that he's bringing manufacturing back to the U.S. The problem is that for most major industries to do would take several years to complete, by which time the US may have a different administration with a different agenda. Hence, such companies will be understabdably reluctant to make the move.
As has been correctly pointed out, the US trade deficit is mostly due to US companies choosing to go offshore for lower labor/production costs. Placing the blame on trading partner countries is misguided. Only if Trump pressures US importers and US companies that source overseas will those industries ever return to the US.
deanzaZZR
Finally, a silver lining.
Blacklabel
maybe we will just change the definition of recession like Biden did. That would be fun!
Then we won’t have one.
Blacklabel
That’s the first time in a looooong time that previous months jobs numbers were revised upward, huh?
and job creation that wasn’t just more government jobs.
chatanista
You have a good point. It is all about the brand image and perceived quality ( and badge snobbery of course ).
Of course. Don’t want to start a gang war with another mob boss.
Likely not on the list because Russia is sanctioned already and their products are not coming into the US.
>
bass4funk
He explained it in full detail, not sure what you’re talking about.
Watch the conference again.
OssanAmerica
Unsurprisingly, you and the CCP rejoice.
kurisupisu
Opinions are great but the reality is greater!
https://www.commerce.gov/news/blog/2024/04/us-remains-worlds-top-destination-foreign-direct-investment-12th-consecutive-year
Promises made and promises kept!
ClippetyClop
Trump should have gone full game show host and had a spinning wheel to determine tariffs. Maybe throw a few Trump toilet rolls and Trump cabbages at the assembled workers present soon to be out of jobs.
If you are gonna be stupid might as well make a show out of it.
bass4funk
Not sure what all that means, but ok… lol
JJE
Interestingly Trump left Mexico and Canada off this latest tariff list too.
Even more surprising is he applied them to Israel (17%).
Bob Fosse
Lol a year old article. So if it wasn’t broken, why try to fix it?
But here’s a quote from it you might like:
“Through our efforts to secure FDI across the United States, we are delivering on the Biden-Harris Administration’s promise to create good-paying jobs for working families and increase economic development in all communities across the country.”
Thanks for the link. Got any more?
voiceofokinawa
Trump may think the reason why American-made cars don't sell well in Japan is because Japan imposes enormous amounts tariffs on American-made cars. Trump seems very short-sighted, however. Does he think gas-guzzling and big American cars would sell well if prices came down 24%? I doubt it.
deanzaZZR
@OA Surprisingly, you seem to be unaware that Lockheed, Raytheon and Boeing are some of the most hated companies in the world.
My guess is that you own some stock in one or more of these weapons manufacturers. We all make choices.
Wasabi
He is closing the US market and he feel like a genius doing it. Reality will be hard on the American people, exclude the rich....
Jind
Someone needs to tell Vice President Trump that all these tariffs are taxes on the American public who have to pay for them.
Most hit would be working class, Seniors and low income with fixed income.
Did not take him long to bring down USA and uniting the rest of the world against America's Lunnies.
kurisupisu
@BF
Here you go.
It will be a record breaking 13th year.
Now that you have the Department of Commerce link then you can refer back to it in a couple of months and see for yourself; the official figures
in the interim
https://yournews.com/2025/03/04/3270898/major-corporations-and-foreign-governments-commit-over-1-trillion-in/
.
Peter Neil
For most large companies, it’s easier to pass the cost to consumers until Trump changes his mind or he’s gone than to build a factory in the U.S.
U.S. companies can also massively increase prices to force Trump to back down.
Tariffs will change. Maybe sooner than some think.
Bob Fosse
Lol kurispusu you think changing your link from an official gov site to a dodgy right bias website called “YourNews” is helping your argument?
Jimizo
Hope struggling people don’t suffer because of this.
It’s not that Trump’s government stuffed with out of touch elites would care.
Blacklabel
More Jobs for American people are “constant whining and far right nonsense”?
Chico3
Absolutely true. I can't nor do I want to find anything credible about him or is so-called "Administration". Vance (Bowman) was definitely chased out of Greenland. It's apparent that the world is not afraid of him and will call his bluff and retaliate. Great for those countries.
Bob Fosse
Consecutive. Which means Obama and more recently Biden were 2/3 responsible.
Again, if it ain’t broke why fix it?
The link you provided showed growth and investment was at a record level under Biden and Harris last year.
Do you think these tariffs will boost or damage this trend which maga denied was happening under Biden?
Simon Foston
BlacklabelToday 12:01 pm JST
Where's that story coming from? Trump said factory jobs will return to America but is it actually happening yet?
kohakuebisu
Yes, in this new version of history, the US during its years of "full spectrum dominance" left its naughty bits exposed, which were merrily "raped" by the entire world. With this new chastity belt of tariffs, this will happen no more!
The biggest purveyor of Chinese made goods in the US, Mr. Bezos, was there front row with his painted lady at Trump's inaugeration. The messaging on this seems very confused.
.
Blacklabel
We already have 4 billion dollars of new investment in America in 60 days.
In the meantime we can buy some cheap stocks.
Peter Neil
Toyota should create a separate import company in the U.S.
It buys cars imported cars for the wholesale cost of $4 each. The tariff is $1.00.
It then sells the car to the dealer at normal dealer cost and makes a contract with Toyota in Japan for consulting services. :)
Blacklabel
The March jobs numbers I posted.
yep, manufacturing jobs increased significantly too.
American jobs created in the Trump economy. Yep!
BB
March non-farm payrolls don't get released until April 4.
DeeZee
The world is on notice. America is no longer going to make Japanese, Europeans and others rich whilst Americans have to suffer due to unequal trade. President Trump has put America first and the era of taking advantage of American people's wallets is finished and over. Time for the world to pay up and make America rich.
John-San
Bass: that correct you can’t explain Trump failed first term trade policy: like I stated I don’t think idiots can.
Dango bong
Republicans get mad when you lie to them.
Democrats get mad when you tell them the truth.
kurisupisu
.
Hmmmm, I’ll tell you what I am thinking.
I expect the MSM will now start to report, in more detail,the trillions of dollars which are flowing into the U.S. in 2025.
bass4funk
What failure? I only remember the Dems standing in his way like now…
Blacklabel
good thing I didn’t post those.
you can read what I did post though.
bass4funk
Exactly!
Ah_so
Basically, Trump inherited a booming economy and falling inflation and has turned it into a contracting economy with rising inflation in only a couple months.
At least at the end of this, the old myth that Republicans are good for the economy will be destroyed.
Ah_so
Total and utter incompetence. In 100 years time, this will still be taught in Economics classes as an example of how not to run an economy.
Jimizo
Be careful with numbers.
Is it a 2/1 chance of a “6/3” chance that these tariffs will have a positive effect?
Maybe a 3,000/1,500 chance?
Bob Fosse
You like the MSM now? What happened?
The MSM are almost invariably currently reporting that this will tank the U.S. economy.
Which site posts the news that you like?
Ah_so
If the USA does more manufacturing, could someone explain what jobs people in the US will STOP doing when they switch to manufacturing?
Because since other industry will need to contact to free up resources to populate the manufacturing plants.
bass4funk
Booming???
federal deficit during his presidency, the budget deficit for fiscal year 2023 was $1.7 trillion, an increase from $1.38 trillion in 2022.
Seriously, what rock are the libs crawling out from under?
Jimizo
They must be in a constant state of fury with Trump in charge.
bass4funk
Waste? How? So what is your point? We will fire him??
Well, libs usually can’t
kurisupisu
Americans are backing Trump and his policies.
https://www.whitehouse.gov/articles/2025/02/new-poll-shows-massive-support-for-president-trump-and-his-agenda/
Personally, I was dismayed when the U.S. funds for sex changes in Guatemala were rescinded but hey-nothing is perfect !
lincolnman
Indeed...just look at those Repub town halls where the MAGA-fans are erupting about being lied to - about;
Inflation: Surging instead of decreasing...
Stock Market: Cratering instead of rising...
Jobs: From employed to "You're fired - we're hiring an immigrant"...
Wars: No new ones to "bomb Iran"...
EVs: From "hoaxes and scams" to they're great"...
Life: From "I'll protect the unborn" to "15 week abortions are OK"...
Those folks are angry and outraged...at the guy they voted for...
WoodyLee
Kiss that 4.1 % unemployment rate Goodbye.
I'veSeenFootage
Hey, let's ask the white house what people think about what the white house is doing! I'm sure it'll be 100% fair and balanced!
John-San
Bass: once again in denial and delusional, like you master. You keep on avoiding a reason why Trump first term trade policy failed, the one that ripped off, raped, pillaged and plunder the USA economy his own brilliant policy he is referring to. Why do you keep referring to me as a Lib. I have never voted liberal in my life. I have always voted who the Labour Union endorsed the party of the working class not the party of the elites like your mates.
lincolnman
Not as happy as Putin and Xi...
Their poodle and puppet is doing their work for them - disrupting the free-world economy...
Just part of Project 2025 - written in the Kremlin...
Blacklabel
ILLEGAL immigration is bad.
always leaving that very important part out, why would that be?
Express sister
Because MAGA don't like legal immigration. Look at the backlash to Musk when he supported H1-B visas. Ramaswamy even had to resign from the DoGE before this fly-by-night quango even opened.
MAGA hate immigration. Because MAGA is fundamentally racist.
lincolnman
Sure, and a few weeks ago you told us you were "A Vet that was receiving a PENSION"....LMAO...
That was beyond "odd"....into the "unbelievable"....
Redtail Swift
Trash President makes another destructive mistake. We need not fret though. He's up there smiling for the camera with his Tarriff Board. If I had to place a bet, I would say that picture will not age well. We'll be laughing about it in Signal group chat soon enough.
Bass4Funk will be here again defending Cheeto as usual. Nothing is forever. We'll close the book on your malice like Wisconsin did. Jejeje. Enjoy your moment.