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Liberation Day Tariffs
The Liberation Day tariffs are a broad package of import duties announced by U.S. President Donald Trump on April 2, 2025—a date he called "Liberation Day". In a White House Rose Garden ceremony, Trump signed Executive Order 14257, ''Regulating Imports With a Reciprocal Tariff to Rectify Trade Practices That Contribute to Large and Persistent Annual United States Goods Trade Deficits''. This order declared a List of national emergencies in the United States, national emergency over the United States' trade deficit and invoked the International Emergency Economic Powers Act (IEEPA) to authorize sweeping tariffs on foreign imports. Trump also signed Executive Order 14256, ''Further Amendment to Duties Addressing the Synthetic Opioid Supply Chain in the People's Republic of China as Applied to Low-Value Imports'', which closed the De minimis exemption, ''de minimis'' exemption for China, further escalating the China–United States trade war. Executive Order 14257 imposed a 10% ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tariffs In The Second Trump Administration
During Second presidency of Donald Trump, his second presidency, United States president Donald Trump enacted a series of steep Protective tariff, protective tariffs affecting nearly all List of imports of the United States, goods imported into the United States. From January to April 2025, the average effective US tariff rate rose from 2.5% to an estimated 27%, the highest level in over a century. Following policy rollbacks prompted by economic turmoil, the average effective tariff rate stood at 15.6% as of June 2025. Trump raised steel and aluminum tariffs to 50%, introduced a 25% tariff on imported cars, and ordered investigations into pharmaceuticals, copper, and other sectors to support future tariffs. He also invoked unprecedented powers under the International Emergency Economic Powers Act (IEEPA) to impose broad, universal tariffs affecting all imports. Although federal courts ruled this use of the IEEPA unconstitutional, the decisions were Stay of proceedings, stayed pe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
