President Donald Trump announced new tariffs, including a universal 10 percent tariff on all imports and higher tariffs on specific countries, aiming to bring back jobs and put America first. The reciprocal tariffs imposed were based on alleged tariffs charged against the U.S., with plans to raise $6 trillion over 10 years and attract investment back to the U.S. despite initial stock market drops. Trump’s “Liberation Day” announcements signify a significant shift in trade policy.
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