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The Guardian - US
The Guardian - US
World
Lauren Aratani in New York and David Smith in Washington

Trump announces sweeping new tariffs, upending decades of US trade policy

Donald Trump United States Karoline Leavitt Stock Market White House

Donald Trump announced sweeping tariffs on some of its largest trading partners on Wednesday, upending decades of US trade policy and threatening to unleash a global trade war on what he has called “liberation day”.

Trump said he will impose a 10% universal tariff on all imported foreign goods in addition to “reciprocal tariffs” on a few dozen countries, charging additional duties onto countries that Trump claims have “cheated” America.

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