- US President Donald Trump announces a comprehensive system of new tariffs
- The tariffs are likely to be modified and weakened following negotiations
- Tariffs and the erratic nature of the Trump administration are weighing on global growth
US President Donald Trump had declared April 2 “Liberation Day” in advance. With new import tariffs, he intends to put an end to the supposedly unfair treatment of the United States of America. Trump has announced the new tariffs in a speech at the White House yesterday. In addition to a basic tariff of ten percent, there are to be reciprocal tariffs, with which higher import tariffs of trading partner countries will from now on be offset by higher American tariffs on goods delivered to the USA. This system is to apply to countries all over the world.