US President Donald Trump is ready to reveal his most important round of tariffs, but on April 2, the day he called “Liberation Day”. This announcement is expected to include extensive mutual tariffs focused on nations with business imbalances against the US.
Trump’s justification of new tariffs
Trump framed this step as needed to restore economic justice. “For decades, we have been torn and abused by every nation in the world, both a friend and an enemy. He wrote about social truth.
What will include tariffs of April 2?
The new tariff package will introduce mutual tariffs, which means that the US will correspond to the imports that other countries impose on US goods. Finance Minister Scott Bessnt confirmed that each country would be assigned a customs rate on the basis of their existing US export fees.
Trump claimed that the measure would encourage businesses to produce products in the US rather than paying new tariffs.
Global concerns about the reaction and trade war
Trump’s tariffs have already caused strong reactions. Canada and China retailed with its own tariffs and the European Union warned against other countermeasures next month.
Canadian Prime Minister Mike Carney condemned Trump’s tariffs and said, “The US is no longer a reliable partner,” and undertook to increase trade with other nations.
The impact on the drug
The planned 25% tariff on pharmaceutical imports raised concerns about access to drugs to rescue life. Asked if the exceptions to critical drugs would be listed, Trump answered: “Well, we’ll announce it soon. But we have to bring pharmacies, drugs and pharmacies back to our country.”
Escalation of economic tension
As the US is preparing to store these tariffs, the tension of the shop with key allies, and economic partners are still escalating. With more dates of tariffs that converge on April 2, Trump’s economic shock is ready to transform global business relations.
(Tagstotranslate) Donald Trump
