Key events
Guardian community team
Donald Trump has unveiled his global tariffs on US trading partners including 10% on UK exports to the US, 20% on the EU and 34% on China.
However, the US’s closest trading partners, Canada and Mexico, have been exempt from the latest round of tariffs.
Wherever you are in the world, we’d like to hear how you might be affected by the tariffs.
What preparations or changes are you making to your business? Do you have any concerns?
Donald Trump announced sweeping tariffs on some of its largest trading partners on Wednesday, upending decades of US trade policy and threatening to unleash a global trade war on what he has dubbed “liberation day”.
Trump said he will impose a 10% universal tariff on all imported foreign goods in addition to “reciprocal tariffs” on a few dozen countries, charging additional duties on to countries that Trump claims have “cheated” America.
The 10% universal tariff will go into effect on 5 April while the reciprocal tariffs will begin on 9 April.
Asian countries riven by war and disaster face some of steepest Trump tariffs
Kate Lamb
Developing nations in south-east Asia, including war-torn and earthquake-hit Myanmar, and several African nations are among the trading partners facing the highest tariffs set by Donald Trump.
Upending decades of US trade policy and threatening to unleash a global trade war, the US president announced a raft of tariffs on Wednesday that he said were designed to stop the US economy from being “cheated”.
“This is one of the most important days, in my opinion, in American history,” said Trump on Wednesday. “It’s our declaration of economic independence.”
He hailed the moment as “liberation day”, but the tariffs are likely to be met with loud protests from some of the world’s weakest economies. One expert said Trump was likely to be targeting countries that receive investment from China, regardless of the situation in that country. Chinese manufacturers have previously relocated to countries such as Vietnam and Cambodia not only due to lower operating costs, but also to avoid tariffs.
The tariffs comes as many countries in south-east Asia are already grappling with the fallout from the cuts to USAid, which provides humanitarian assistance to a region vulnerable to natural disasters and support for pro-democracy activists battling repressive regimes.
Opening summary
Hello and welcome to the US politics live blog. I’m Tom Ambrose and will be bringing you all the latest news lines over the next few hours.
We start with the news that Donald Trump’s decision to slap a 10% tariff on most goods imported to the United States, as well as higher duties on dozens of countries from rivals to allies, has intensified a global trade war that threatens to stoke inflation and stall growth.
The sweeping duties announced against the serene backdrop of the White House Rose Garden on Wednesday immediately unleashed turbulence across world markets and drew condemnation from other leaders now faced with the end of decades of trade liberalization that have shaped the global order.
Meanwhile, several Republican senators joined Democrats to pass a resolution that would block Donald Trump’s tariffs on Canada, a rare rebuke of the president’s trade policy just hours after he announced plans for sweeping import taxes on some of the country’s largest trading partners.
In a 51-48 vote, four Republicans – Susan Collins of Maine, Lisa Murkowski of Alaska and both Kentucky senators, the former majority leader Mitch McConnell and Rand Paul – defied Trump’s pressure campaign and supported the measure. Democrats used a procedural maneuver to force a vote on the resolution, which would terminate the national emergency on fentanyl Trump is using to justify tariffs on Canada.
“Tariffs will hurt our families. Canada is not an enemy,” the Democratic senator Tim Kaine, the bill’s sponsor, said in a floor speech on Wednesday. “Let’s not label an ally as an enemy. Let’s not impose punishing costs on American families at a time they can’t afford it. Let’s not hurt American small businesses. Let’s not make our national security investments in ships and subs more expensive.”
Read the full report here:
In other news:
-
Despite a 10% tariff levied on all goods imported from the United Kingdom, British leaders say the United States remains the UK’s “closest ally”.
-
Trump told his inner circle that Elon Musk will be taking a step back from the Trump administration, Politico reports. According to the outlet, both Musk and Trump have agreed “that it will soon be time for Musk to return to his businesses and take on a supporting role”.
-
National security adviser Mike Waltz’s team has regularly set up group chats on Signal to coordinate official work on various global issues from different parts of the world including Ukraine, China, Gaza, Middle East policy, Africa and Europe, Politico reports. According to four people who have been personally added to the chats and who spoke to the outlet, sensitive information was discussed in the chats.
-
A US judge on Wednesday dismissed the federal corruption case against New York City mayor Eric Adams, adding that the charges cannot be brought again. US district judge Dale Ho’s decision to dismiss the case with prejudice was in line with the recommendation of a lawyer he asked to offer independent arguments, but contrary to the justice department request for a dismissal without prejudice, Reuters reports.
Source link
