President Donald Trump announced plans for sweeping tariffs Wednesday, saying "our country has been looted, pillaged, raped, plundered" by other nations. The aggressive rhetoric came as Trump showed a willingness to dismantle a global economic system that the United States helped to build after World War II.
Business leaders warn Trump tariffs will raise prices for US consumers
President Donald Trump announced plans for sweeping tariffs Wednesday, saying "our country has been looted, pillaged, raped, plundered" by other nations.
The aggressive rhetoric came as Trump showed a willingness to dismantle a global economic system that the United States helped to build after World War II. Trump held up a chart while speaking, showing the United States would charge a 34% tax on imports from China, a 20% tax on imports from the European Union, 25% on South Korea, 24% on Japan and 32% on Taiwan.
"Taxpayers have been ripped off for more than 50 years," Trump said in remarks at the White House. "But it is not going to happen anymore."
Here’s the latest: