President Donald Trump announced sweeping tariffs on most nations Wednesday, which his administration says will free the United States from relying on other countries for trade. The president has framed these tariffs as “reciprocal” to match trade barriers that other countries impose on products from the U.

Trump has repeatedly called April 2 "Liberation Day." He is expected to enact reciprocal tariffs on major trading partners, especially those that contribute the most to the $1.2 trillion U.S. trade deficit.

President Trump on Wednesday announced he was imposing reciprocal tariffs on dozens of nations, citing what he called years of unfair trade practices. Trump announced in the Rose Garden that all

President Donald Trump has signed sweeping tariffs of at least 10% on practically all goods coming into the United States, plus even higher rates on dozens of countries that have the highest trade deficits with the United States.

Tariffs are taxes charged on goods imported from other countries. Companies bringing the goods into the country pay the amount, typically a percentage of the goods' value, to the government. Trump has announced a 10% "baseline" tariff on all imports to the US – this is what the UK will face.

President Donald Trump on Wednesday unveiled sweeping global tariffs of at least 10% on goods imported from most U.S. trading partners.

President Donald Trump's move to slap a 10% tariff on most goods imported to the United States, as well as much higher levies on dozens of rivals and allies alike, has intensified a global trade war that threatens to stoke inflation and stall growth.

US President Donald Trump has announced a universal "baseline" 10% tariff on all imports into the US, on what he has dubbed "Liberation Day". Trump also unveiled a 10% tariff on UK goods and 20% on EU goods in a watershed moment for global trade.

After weeks of White House hype and public anxiety, President Donald Trump is set on Wednesday to announce a barrage of self-described reciprocal tariffs on friend and foe alike.

Donald Trump's latest round of tariffs had two notable omissions: Mexico and Canada. But the two nations are still subject to pre-existing tariffs.

Mexico and Canada avoided fresh tariffs on Wednesday with President Donald Trump exempting the United States' top trading partners from his new 10% global tariff baseline, although previous duties remain in place.

Canada and Mexico wouldn’t immediately be subject to the new tariff regime, senior administration officials told reporters Wednesday, but instead would still be subject to the tariffs Trump previously imposed,

Among the trading partners that President Donald Trump says are unfair is Canada and Mexico, two of the geographically closest partners.

The Senate passed a resolution Wednesday night that would thwart President Donald Trump’s ability to impose tariffs on Canada, delivering a rare rebuke to the president just hours after he unveiled sweeping plans to clamp down on international trade.

White House says existing tariffs on trade from Canada and Mexico are unchanged by new Trump order. Advertisement