US President Donald Trump announces a lot of self -written “mutual” tariffs on “friend and enemy” when appearing in the Rose Garden of the White House to address the world. The new tariffs – coming to what Trump has called “Liberation Day” – come as an effort to strengthen American production and punish other countries for what Trump says, have been unfair business practices.
Here’s what Donald Trump said in his speech:
1. A statement of economic independence
Donald Trump, who launched his speech, called April as “our statement on economic independence”.
“For years, American citizens have been forced to sit on the sidelines when the other nations got rich and powerfully at our expense. But now it is a prosper,” he said.
2. Business partners plundered us
In his introductory notes, Donald Trump said that business partners had made the country for years.
“April 2, 2025 will be remembered forever when the US industry was reborn, the American fate Day was regenerated and the day we started to produce America, and to be rich, good and rich.
Also read | Trump Tariffe News Live: Trump announces 26% mutual tariff to IndiaAlso read | Cars focus on Thursday. Here’s the reason
3. List of tariffs stored by us in India, China and other countries
4. Business deficits are a national emergency: Trump
“Trade deficits are no longer just an economic problem. They are a national emergency,” Trump said when he announced the tariffs.
5. 26% of mutual tariffs in India
US President Donald Trump deposited 26 % of “mutual tariffs” in India, followed by 34 % of China, 20 % per EU and 24 % to Japan.
6. 25% of car tariffs
Donald Trump also confirmed its plan on 25 % of cars on cars, stressing that India had deposited 70 % collection for motorcycles produced in the US.
“The United States Charges Other Countries only and 2.4 Per Cent Tariff on Motorcycles. Meanwhile, Thailand and Others are Charging Much Higher Pricees Like India Charges 70 Per Cent, Vietnam Charges 75 Per Cent and Others Are Even Higher Than Industrial Base and Put OUR National Security at Risk.
Also read | MUSK’S DOGE EXIT TALK Sparks Discuss
7. Trump promises tax cuts
Trump, referring to House spokesman Mike Johnson and the leader of the majority of the Senate John Thun, said, “Now we will go through the biggest tax cuts in American history. And this is where we rely on Mike and John Thun.” This announcement comes when Republicans seek to extend taxes that would reduce federal income by approximately $ 4.5 trillion in the next 10 years.
8. No cuts in social security
Donald Trump, who secured US citizens, said there would be no cuts in social security.
“And we will not reduce the benefits of social security, Medicare or Medicaid,” he promised.
9. Kind’s mutual tariffs
Trump calls his tariff policy for “kind mutual” and says he could be much harder for US business partners.
The President said that the rates of the tariffs they store, steep, as they are, do not correspond to the fees that some countries deposit on US exporters. He calls the rates he chose “discounted mutual tariff”.
10. Donald Trump sends a report to foreign leaders
Trump asked foreign leaders to reduce their tariffs if they expect the same from the US.
“If they complain, if you want your tariff rate to be zero, then you will build your product here in America, because there is no tariff, if you build your race, your product in America. And we saw companies coming as we have never seen before,” he said.
Catch all commercial reports, intelligence violations and the latest update of the Live Mint. Download Mint News and get daily market updates.
Business Newsnewsus Newsdonald Trump Tariff notifications: 10 key most important points from US President of speech, impact on India, ChinaMoreLess (Tagstotranslate) Trump tariff