"Day of Liberation" for Trump: retaliatory tariffs on all countries of at least 10%

Donald Trump has just concluded a press conference where he detailed his tariff strategy in honor of the "Day of Emancipation." According to him, the administration has analyzed all existing tariffs against the U.S. and now plans to introduce mirror tariffs at 50% of those rates.

The new measures will affect absolutely all imported goods, regardless of industry and initial conditions. The minimum tariff level for all countries will be 10%. Following this announcement, the markets reacted negatively: stocks and cryptocurrencies fell.

According to Trump, the essence of the "Day of Liberation" lies in the system of retaliatory tariffs. The administration calculates how many tariffs a particular country has imposed against American goods, including areas such as agriculture. The U.S. then charges either 50 percent of that amount or 10 percent. To explain the strategy, Trump demonstrated a table with calculations.