According to The New York Times, Trump revealed this policy at a White House event, presenting it as part of his broader economic strategy aimed at reshaping international trade.

China will face a 34% tariff on its exports to the U.S., while the EU, Japan, and India will be subjected to 20%, 24%, and 26% tariffs, respectively.

White House officials argue that these tariffs are necessary to counter what they describe as unfair trade practices by foreign nations that have long exploited U.S. markets.

During his speech, Trump emphasized that the U.S. would become“smarter and wealthier” by enforcing stricter trade measures, reinforcing his stance on economic nationalism.

In response, European officials are considering retaliatory tariffs on American goods such as whiskey, motorcycles, and women's apparel, as well as potential restrictions on U.S. services.

These trade policies could significantly impact global industries, especially automobile manufacturing, steel, aluminum, and critical minerals, leading to heightened tensions in international trade relations.

The move is expected to fuel ongoing trade disputes, potentially disrupting supply chains, increasing costs for consumers, and altering economic partnerships between major global powers.

While Trump's administration sees this as a step toward economic self-reliance, critics argue it could trigger trade wars and slow down global economic growth.

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