Politics - CBSNews.com
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President Trump on Wednesday, announced so-called reciprocal tariffs on imports from about 90 nations, in addition to a 10% across-the-board tax applied to all imports to the U.S. Describing the announcement as "Liberation Day" the president said the new taxes are needed to erase a trade deficit between the U.S. and other countries, ranging from China to the European Union.
The tariffs will be additive, meaning that imports will face both the universal tariff of 10% plus the specific reciprocal import levies targeting each nation.
"Reciprocal...
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