US: Donald Trump announces sweeping new global tariffs
On what he dubbed “Liberation Day,” US President Donald Trump imposed sweeping new “reciprocal” tariffs on several countries. Trump accused the EU of “ripping off” the US, slapping 20% tariffs on the bloc.
- US President Donald Trump imposed sweeping new “reciprocal” tariffs
- The US has imposed a 20% tariff on EU imports
- China, South Korea, Brazil, Poland, Australia and Switzerland have all reacted with dismay as several countries ponder over a response
- European stocks fall as investors get nervous ahead of possible global trade war
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