British News Agency

U.S. President Donald Trump unveiled new tariffs.

He said a Presidential Decree will impose reciprocal tariffs on all countries imposing tariffs on the U.S., reclaiming trillions of dollars in losses. “With today’s action, we will make America greater than ever. Jobs and factories will flow back into the country. We’ll strengthen our industrial base, tear down foreign trade walls, and lower prices by boosting domestic production,” Trump stated.

He emphasized that “America’s golden era is returning”: “It’s coming back powerfully. While we dismantled trade barriers for others, they threw many in our path. They devastated our industry, stole our intellectual property with export subsidies, imposed technical standards and taxes that disadvantaged our products, polluted their countries, and made us pay for it. I’ve received a detailed report on all this. These dark days are behind us. For example, the U.S. imposes only 2.4% tariffs, while India applies 70% and Vietnam 75%. The EU imposes more than 10% on cars made abroad. I blame former presidents. We’ll now impose 25% on imported cars, 20% on EU products, 34% on Chinese goods, and at least 10% on all nations. The EU pretends to be a friend, but they robbed us. This is now a national security issue. Want zero tariffs? Then produce in the USA.”