The latest news on the United States. President Donald Trump announced a sweeping package of tariffs on Wednesday. For those wondering what's really behind the headlines, here's a closer look at what he has dubbed "Liberation Day."
"This is one of the most important days in our nation's history," Trump declared during a Rose Garden briefing on Wednesday, emphasising that these measures are designed to curb what he views as long-standing abuses by foreign trade practices.
The new policy introduces a 25% tariff on all foreign-made cars starting at midnight. In addition, Trump introduced specific tariffs to a group of roughly 60 countries. You can read the full list here. For countries not specifically listed, a baseline tariff of 10% will now apply.