President Trump on Wednesday announced sweeping reciprocal tariffs with the U.S.’ trading partners, to be set at about half of what other countries are charging America. The U.S. will impose a 10% minimum tariff, too.
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00:00In a few moments, I will sign a historic executive order
00:04instituting reciprocal tariffs on countries
00:07throughout the world.
00:08Reciprocal.
00:09That means they do it to us and we do it to them.
00:13Very simple.
00:14Can't get any simpler than that.
00:16This is one of the most important days, in my
00:22opinion, in American history.
00:25It's our declaration of economic independence for
00:29years.
00:30Hardworking American citizens were forced to
00:32sit on the sidelines as other nations got rich and
00:35powerful, much of it at our expense.
00:39But now it's our turn to prosper, and in so doing,
00:43use trillions and trillions of dollars to
00:45reduce our taxes and pay down our national debt,
00:48and it'll all happen very quickly.
00:51With today's action, we are finally going to be
00:54able to make America great again, greater than ever
00:57before.