Date April 2, 2025 | By TruthWire.News Staff
Who: President Donald Trump and the U.S. government
What: Announcement of new tariffs on imported goods
Where: United States
When: Announced April 2, 2025; baseline tariffs effective April 5, 2025; country-specific tariffs effective April 9, 2025
Why: To promote domestic manufacturing and address trade imbalances
President Trump asserts that these tariffs will revitalize American industries, stating they are essential to counteract unfair trade practices and to reclaim economic sovereignty.
Economists and international leaders have expressed concern over potential repercussions, including increased consumer prices and the risk of retaliatory trade measures. Critics argue that these tariffs may escalate global trade tensions and lead to economic instability. As the global community reacts, the full impact of these tariffs on international trade and the U.S. economy remains to be seen.
Source: AP News ; Business Insider
- Official portrait of President Donald J. Trump, Friday, October 6, 2017. (Official White House photo by Shealah Craighead) ↩︎