What do you need to know about President Trump’s ‘Freedom Day’ tariff plans

President Donald Trump The White House announced the last plan for the tariffs for the tariffs during an incident, said that this would be aimed at applying mutual tariffs against trade partners.

Trump’s “Freedom Day” Tariff announcement In recent weeks, the United States coming after the closure of the trade day for the US financial markets. Since the S & P 500, about 3.9% annually and since the income of the Benchmark index, the result of concerns about a trade war against Trump in November.

“April 2, 2025, the American industry will be remembered forever,” said Trump, “said Trump. “After a few minutes, the reciprocal tariffs around the world will sign a historical order. Interaction – this means that we are doing it for us and we are very simple.”

“In my opinion, this is one of the most important days in the history of America. This is the Declaration of Economic Independence. He has been for years to be rich and strong and strong, for other nations,” he said. “But it is our turn now and we use the trillions with trillions and trillions to reduce our taxes in this way and pay our national debt, and this will happen very quickly.”

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What are the tariffs?

The order announced by the reciprocal tariff plan is expected to be released on Wednesday. In addition to the reciprocal tariffs, the president said that the minimum initial tariff of the department would determine 10%.

During that period of time Flower garden Along with the focus, tariffs and reciprocal tariffs of other countries, a poster board, which applies exports of other countries that burn US exports and a poster board, which implements exports of other countries. Among those included:

• China: 67% of US goods tariffs and other trade barriers; 34% of reciprocal tariffs.
• European Union: 39% of US goods tariffs and other trade barriers; 20% reciprocal tariffs.
• Vietnam: 90% of US goods tariffs and other trade barriers; 46% of reciprocal tariffs.
• Japan: 46% of US goods tariffs and other trade barriers; 24% of reciprocal tariffs.
• India: 52% of US goods tariffs and other trade barriers; 26% of reciprocal tariffs.
• South Korea: 50% of US goods tariffs and other trade barriers; 25% reciprocal tariffs.

In the White House X presented a complete list of mutual tariffs in an article:

Canada and Mexico which is the party US-Mexican-Canadian Agreement (USMCA) During the first period, this Trump did not appear in the Fact sheet of the mutilates of the White House. USMCA’s terms have generally reduced or eliminated the tariffs on the goods covered by the free trade agreement.

White House spokesman Karoline Leavitt said that the tariffs for farmers, including central tariffs for foreign countries, saying there are no freedoms Revenge tariffs During the first term of Trump’s office.

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In addition to the reciprocal tariff plan, the Trump management, as well as the-the-the-the-the-the-the-the-the-the-the-the-the-the-the-the-to-the-to-the-to-the-to-the-the-turn tariff, as well as high-trade tariffs with high-trade tariffs and high-trade tariffs, also discussed focus on focus. These plans appear to be discussed in favor of the mutual tariff plan.

The White House has launched this responsibility for the US Customs and Border Protection of the US Customs and Border Protection by transferring this responsibility by transferring the tariff collection to the new ES. Trump leadership, foreign companies and countries pay the tariffs, although economists are widely accepted by the US companies that the US companies are paid by the import company.

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Trump has released 25% of Cairov from Cirre and Mexico for the rate of 10% of the Canadian energy products, delayed these tariffs from April 2 to April 2, which will replace new tariffs.

Trump has previously announced 25% of tariffs in the auto list, which entered into force on April 3 and applied 25% of the imported steel and aluminum. Tariff plans belonging to the other sector of the forces include copper, semiconductors, pharmaceutical and lumber.

What’s next?

The Trump Administration is working on negotiations with tariffs “Tariff Team” and a number of other countries. President Trump, Treasury Secretary Scott Bessent, Trading Secretary Howard Lutnick, US Trade Representative Jamieson Greer and Director of the National Economic Council Kevin Hassett.

Leavitt, Tuesday, “Several countries”, this has reached the Trump management to discuss ways to lower tariffs.

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Trump management offered taxes to imported goods – can serve in several purposes, to increase other tax breaks, increase other tax breaks, increase production, or reduce production between US trading partners.

These goals are conflicted in some aspects: the tariffs raised by negotiations, which are submitted and subsequently, form a less tax revenue and are reconstructed. Similarly, if companies conduct operations to the United States to prevent tariffs, the government will receive less tax revenues.

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Trump’s announcement can be more expensive for the end of the governing purpose for this toilet plans and the fact that America is a situation with trade partners.

Fox Business’ Edward Lawrence and Christina Wurm helped this report.