{"id":16106,"date":"2025-04-03T05:03:30","date_gmt":"2025-04-03T05:03:30","guid":{"rendered":"https:\/\/wifamily.news\/?p=16106"},"modified":"2025-04-06T16:03:42","modified_gmt":"2025-04-06T16:03:42","slug":"trump-imposes-historic-10-percent-tariffs-against-most-nations-vows-to-supercharge-economy","status":"publish","type":"post","link":"https:\/\/wifamily.news\/?p=16106","title":{"rendered":"Trump Imposes Historic 10 Percent Tariffs Against Most Nations, Vows to \u2018Supercharge\u2019 Economy"},"content":{"rendered":"

This post originally appeared at https:\/\/thestarnewsnetwork.com\/2025\/04\/03\/trump-imposes-historic-10-percent-tariffs-against-most-nations-vows-to-supercharge-economy\/<\/a><\/p>\n

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by Amanda Head<\/h5>\n

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President Donald Trump on Wednesday imposed sweeping 10% tariffs on all imports, vowing his historic \u201cLiberation Day\u201d strike would rebalance global trade, reduce the national debt and \u201csupercharge\u201d the U.S. economy to the benefit of long-suffering American workers.<\/p>\n

\u201cAmerican steel workers, auto workers, farmers and skilled craftsmen,\u201d Trump told a Rose Garden ceremony at the White House.\u201dWe have a lot of them here with us today. They really suffered, gravely. They watched in anguish as foreign leaders have stolen our jobs, foreign cheaters have ransacked our factories, and foreign scavengers have torn apart our once beautiful American dream.<\/p>\n

\u201cNow it\u2019s our turn to prosper, and in so doing, use trillions and trillions of dollars to reduce our taxes and pay down our national debt,\u201d he added.<\/p>\n

Fulfilling a promise he made during the 2024 election, Trump vowed the reciprocal tariffs \u2014 a 10% base and higher for other nation\u2019s like China \u2014 will tilt global commerce back to America\u2019s advantage after decades of trade deficits.<\/p>\n

\u201cJobs and factories will come roaring back into our country and you see it happening already. We will supercharge our domestic industrial base, he said.<\/p>\n

Trump further showed a chart to the crowd displaying the tariff rates he planned to apply to each nation. China, which tariffs U.S. goods at a rate of 67%, will face tariffs of 34%. Countries in the European Union which tariff U.S. goods at a rate of 39%, will be tariffed 20%. Vietnam will face a 46% tariff, Taiwan at 32%, Japan at 24%, India at 26% and South Korea at 25%. The chart included 20 more nations.<\/p>\n

The White House put out a fact sheet prior to the announcement, highlighting how this administration hoped the tariffs will balance trade relationships and bring manufacturing back to American soil.<\/p>\n

The readout\u00a0quoted<\/a>\u00a0a 2024 study that found that his first-term tariffs \u201cstrengthened the U.S. economy\u201d and \u201cled to significant restoring in industries like manufacturing and steel production.\u201d Already in his second term, investments into the U.S. economy by entities such as Oracle, SoftBank, Apple, and NVIDIA have reached nearly $5 trillion.<\/p>\n

Wednesday also marked the start of a 25% tariff on automobiles not made in the United States. However, auto manufacturers Honda, Nissan, and Hyundai have committed to shifting production back to the United States.<\/p>\n

House Minority Leader Hakeem Jeffries\u00a0criticized<\/a>\u00a0the president\u2019s tariff plan, telling reporters on Wednesday, \u201cHouse Republicans, Senate Republicans and Donald Trump haven\u2019t done a single thing to lower the cost of living in this country. Not a single bill. Not a single executive order. Not a single administrative action,\u201d Jeffries told reporters at the Capitol.<\/p>\n

\u201cIn fact, Republicans are crashing the American economy in real time and driving us to a recession. This is not liberation day, it\u2019s recession day. That\u2019s what the Trump tariffs are going to do: crash the economy,\u201d he added.<\/p>\n

\u2013 \u2013 \u2013<\/p>\n

Amanda Head is a reporter for Just the News.
\nPhoto \u201cDonald Trump\u201d by White House.\u00a0<\/a><\/em><\/p>\n

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Reprinted with permission from Just the News<\/a><\/span><\/div>\n
\n

The post Trump Imposes Historic 10 Percent Tariffs Against Most Nations, Vows to \u2018Supercharge\u2019 Economy<\/a> first appeared on The Star News Network<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

This post originally appeared at https:\/\/thestarnewsnetwork.com\/2025\/04\/03\/trump-imposes-historic-10-percent-tariffs-against-most-nations-vows-to-supercharge-economy\/ by Amanda Head \u00a0 President Donald Trump on Wednesday…<\/p>\n","protected":false},"author":79,"featured_media":16046,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[],"class_list":["post-16106","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-wi-daily-star"],"_links":{"self":[{"href":"https:\/\/wifamily.news\/index.php?rest_route=\/wp\/v2\/posts\/16106","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wifamily.news\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wifamily.news\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wifamily.news\/index.php?rest_route=\/wp\/v2\/users\/79"}],"replies":[{"embeddable":true,"href":"https:\/\/wifamily.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16106"}],"version-history":[{"count":1,"href":"https:\/\/wifamily.news\/index.php?rest_route=\/wp\/v2\/posts\/16106\/revisions"}],"predecessor-version":[{"id":16107,"href":"https:\/\/wifamily.news\/index.php?rest_route=\/wp\/v2\/posts\/16106\/revisions\/16107"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wifamily.news\/index.php?rest_route=\/wp\/v2\/media\/16046"}],"wp:attachment":[{"href":"https:\/\/wifamily.news\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16106"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wifamily.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16106"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wifamily.news\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16106"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}