Trump declares a trade war on the world with universal tariffs of 10% and higher rates on his main trading partners

Trump declares a trade war on the world with universal tariffs of 10% and higher rates on his main trading partners

The history of the world economy took a turn this Wednesday in the White House Rose Garden, in front of the Oval Office. U.S. President Donald Trump wanted to lend a special solemnity to the announcement of tariffs on the third date he had christened “Liberation Day” in recent months. On a cloudy day, Trump darkened the economic horizon with the highest tariffs in a century. The United States will impose a minimum universal tariff of 10% on all imports and will further punish the countries and blocs with which it has the largest trade deficits, including the European Union, on which it will impose a 20% tariff.

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