President Donald Trump has unveiled a sweeping series of tariffs targeting countries worldwide, including several of America’s closest trading allies.
In a speech delivered from the White House Rose Garden on Wednesday, 02 April, Trump outlined his plan to impose some of the most severe import taxes to date, ranging from 10% to over 49%, marking what he referred to as “Liberation Day.” He said:
For decades, our country has been looted, pillaged, raped and plundered by nations near and far, both friend and foe alike.
Trump reserved some of his harshest measures for what he referred to as the “nations that treat us badly,” slapping a 34% tariff on goods from China, 26% on India, 24% on Japan, and 20% on the European Union, a key ally.
He claimed he was being “very kind,” explaining that he was only imposing half the tariffs those countries levy on U.S. exports.
For other nations, Trump announced a “baseline” tariff of 10%, including on goods from Britain.
Zimbabwean goods would face an 18% import tax, while Zambia would be hit with a 17% tariff. Several African countries, including Rwanda, Somalia, Mali, and Eswatini, will face a 10% tariff.
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