Trump announces tariffs, the highest import taxes since the 1800s

[riversedge]

Source: msn


Story by Courtenay Brown • 1h •
President Trump announced a baseline 10% tariff on U.S. imports, with steeper reciprocal levies on goods from Europe, Japan, China and more than 50 other nations.

Why it matters: Trump's announcement ends the free-trade era that has defined global commerce for decades — a move that risks higher consumer prices and economic damage.

What they're saying: "This is one of the most important days in my opinion, in American history," Trump said in remarks delivered at a "Liberation Day" event in the Rose Garden.

"We will supercharge our domestic industrial base, we will pry open foreign markets and break down foreign trade barriers," Trump added.
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What to watch: It is President Trump's gamble to revive domestic manufacturing, raise revenues to offset tax cut costs and push other nations to adhere to non-trade related demands..........................







Read more: https://www.msn.com/en-us/money/markets/trump-announces-tariffs-the-highest-import-taxes-since-the-1800s/ar-AA1CaWBn?ocid=winp1taskbar&cvid=f7a5ccf26dea4b308bee241ddae4997b&ei=13

[bucolic_frolic]

1. This will be an epic calamity for the ages

The Roman Empire ended better than this.

[msongs]

2. key word is taxes. trump taxes. republican taxes. republicans are to blame for higher taxes nt

[Lovie777]

3. In the 21th century..............

with AI, social media, and global warming, and diseases.

[stillcool]

4. if corporations find cheaper labor elsewhere

why would they want to manufacture here? Although, if the entire economy collapses and all those service jobs go with it maybe a couple dollars a day will suffice. Nightmare stuff.

[ImNotGod]

5. Before WWI & income tax became a thing most of government expenses were paid for by tariffs

though the government was a lot smaller, safety nets non existent, ect... Tariffs are a good thing when done right, made long term through congress and through negotiations with trade partners. No business is going to make any capital investments, expand because of an EO. tRump's plan will create more inflation, job loses, not gains and will further turn our allies against US which is what putin wants.

[Pas-de-Calais]

6. Ignorant orange cheeto mfer