Trump Announces Global Tariffs on April 2, No Exemptions
Trump Announces Global Tariffs on April 2, No Exemptions

Trump Announces Global Tariffs on April 2, No Exemptions

News summary

The White House has confirmed that President Trump's upcoming 'Liberation Day' tariffs will apply universally, with no country exempt, in response to perceived unfair trade practices from nations like India and the EU. White House Press Secretary Karoline Leavitt highlighted significant tariffs imposed by these countries on U.S. products, such as 100% on agricultural goods from India and 50% on dairy from the EU, arguing that these measures have disadvantaged American exporters. Meanwhile, the UK is bracing for a potential 25% import tax on cars, impacting luxury car manufacturers, as it seeks an exemption from U.S. tariffs. UK officials are in ongoing discussions with the U.S. to negotiate terms while considering retaliatory measures if necessary, emphasizing the importance of acting in the national interest. As global trade tensions escalate with these impending tariffs, the EU is also preparing a united response to ensure proportionality and avoid a trade war. The situation remains fluid, with discussions likely to continue beyond the expected announcement date of April 2.

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