Trump Announces 10% Tariff on All U.S. Imports
U.S. President Donald Trump announced a 10% baseline tariff on all imports to the United States, along with higher duties on some of the country's largest trading partners, escalating a trade war he initiated upon returning to the White House. Despite not imposing the new 10% global tariff rate on goods from top trading partners Canada and Mexico, Trump's previous order remains in effect, imposing up to 25% tariffs on many goods from the two countries over border control and fentanyl trafficking issues. Canadian Prime Minister Mark Carney stated that Canada will fight these tariffs with countermeasures and protect its workers. Australian Prime Minister Anthony Albanese believes the American people will bear the biggest cost for these unjustified tariffs. Spanish Prime Minister Pedro Sanchez vowed to protect Spanish companies and workers and commit to an open world. Swedish Prime Minister Ulf Kristersson expressed his desire to avoid trade barriers and find a path of trade and cooperation with the U.S. Swiss President Karin Keller-sutter emphasized the importance of the country's long-term economic interests. Irish Prime Minister Micheal Martin expressed regret over the decision to impose 20% tariffs on imports from the European Union. Italian Prime Minister Giorgia Meloni said they will work towards an agreement with the U.S. to avoid a trade war. Manfred Weber, President of the EPP, the largest party in the European Parliament, stated that today is not liberation day but resentment day, and Trump's tariffs do not defend fair trade. Colombian Foreign Minister Laura Sarabia mentioned the measures to protect national industry and exporters.