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Trump announces new tariffs at White House ceremony

  • Trump announced new tariffs during a Liberation Day ceremony at the White House, including a 10 percent baseline tax on imports from all countries and higher rates for nations with trade surpluses with the United States.
  • The tariffs include a 34 percent tax on imports from China and a 20 percent tax on imports from the European Union, among others.
  • Economists have warned that these tariffs could negatively impact the global economy, raise living costs, and lead to a potential recession.
  • Trump claimed that these tariffs represent a declaration of economic independence for the United States.
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El Mundo broke the news in Madrid, Spain on Wednesday, April 2, 2025.
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