“April 2, 2025 will forever be remembered as the day American industry was reborn, the day America’s destiny was reclaimed, and the day that we began to make America wealthy again. Our country and its taxpayers have been ripped for more than 50 years but it isn’t going to happen anymore. In a few moments i will sign a historic executive order for reciprocal tariffs ‘throughout the world,” he said.
“This is one of the most important days in American history. With today’s action we are finally going to be able to make american great again, greater than ever before. More production at home will mean lower prices for consumers. For decades, our country has been looted, pillaged, raped and plundered by nations near and far, both friend and foe alike,” the 47th US President said.
After weeks of anticipation, President Donald Trump unveiled a new set of tariffs on both allies and adversaries, aiming to address what he describes as unfair trade practices.
The tariffs, which Trump announced on what he referred to as “Liberation Day,” are designed to boost US manufacturing and punish countries for trade imbalances. Under the “Fair and Reciprocal Plan,” the US will impose tariffs equal to the ones that other nations have placed on U.S. goods.
Trump’s announcement came during the “Make America Wealthy Again” event at the Rose Garden. On February 13, the 47th US President had outlined plans to review tariffs and trade policies imposed by other countries on US exports.Here’s a timeline of key developments related to Trump’s tariff policies:
- February 1: Trump signs executive orders imposing 25% tariffs on all goods from Mexico and Canada, as well as 10% on Canadian energy and Chinese goods.
- February 3: A one-month delay on Canadian and Mexican tariffs is announced after tighter border security agreements.
- February 13: Trump announces the “Fair and Reciprocal Plan,” to take effect on April 2.
- March 4: Tariffs on goods from Canada and Mexico come into effect, along with an additional 10% tariff on Chinese imports.
- March 26: Trump announces 25% tariffs on foreign-made cars and auto parts.
- April 2: The reciprocal tariffs, including those on autos, come into effect.
- April 2: The Trump administration announced that it would impose a 25% tariff on all beer imports, extending its aluminium tariffs to include the beverage and empty aluminium cans.
