US President Donald Trump on Wednesday unveiled his “liberation day” tariff, there was a possibility of a trade war recoking worldwide.
In a close speech at the White House Rosa Garden, the billionaire businessman stated that on April 2, 2025 “would be remembered” forever because the American industry was a rebirth of that day, “insisted that domestic manufacturing would grow with companies coming to the United States to make their products.
It has not been seen yet, but Trump clarified that he was no longer allowing imports to the United States without a proper tariff – and the countries should embrace “a little hard love”.
“Foreign leaders have stolen our jobs, foreign theaters have broken our factories, and foreign scavengers have tore our once-beautiful American dreams,” Trump warned.
“But this is not going to happen now.”
Here are other highlight quotes from their comments.
– ‘Freedom’ –
Trump said, “For decades, our country has been looted, beaten, raped and both friends and enemies have been looted equally,” has been raped, and by nations nearby. “
“This is one of the most important days, in my opinion, in American history. It is our announcement of economic freedom.”
“Jobs and factories will return to our country, and you are already looking at it. We will supercharged our domestic industrial base. We will open foreign markets and break foreign trade obstacles, and eventually, more production at home will mean strong competition and low prices for consumers.”
– Charity? ,
Despite unveiling the “minimum baseline” tariff of 10 percent on business partners, Trump demanded to spin his move as a positive for global trade.
“We are very kind,” said the President. “We will charge them by about half that they are and are charging us.”
And if the repetition of countries? “If they complain, if you want your tariff rate to be zero, then you manufacture your product here in America.”
– China barely hit –
The world’s second largest economy, China, appeared at the top of the tariff list, held in the podium, the President claimed that the total tariff -currency on the American goods accused by Beijing – with manipulation in currency – is 67 percent.
Trump said, “So we are going to charge a 34 percent concessional mutual tariff on China’s imports.
“They charge us, we charge them, we charge less than them. So how can anyone be upset? They will be, because we have never charged anything to anyone. But now we are going to charge.”
Trump said that Chinese President Xi Jinping was one of the many world leaders, who “understand” the need for tariffs, such as he slapped Chinese steel and other products during his first term as President.
“They all understand that we are going to go with a little tough love, perhaps. But they all understand. They are ripping us and they understood it.”
– way back when –
Trump said, “From 1789 to 1913 we were a tariff-supported nation, and was equally wealthy as the United States,” said Trump, who has repeatedly raised 1890 protectionist president William McKinley as one of his heroes, who had slapped tariffs on imports.
“For unknown reasons for mankind in 1913, he established income tax so that citizens would start paying the funds required to run our government instead of foreign countries,” Trump said.
“Then in 1929 it all suddenly ended with the Greatness. And it would never have happened if they lived with tariff policy,” Trump said, “Global economics, bank hassles and stock market accidents easily ignoring several factors, including the stock market accident – caused great depression.
– no Surrender –
In addition to exposing China, other Asian powers and tariffs on the European Union, Trump came close to his home.
“The United States can no longer continue with a policy of unilateral economic surrender,” he said.
“We cannot pay the deficit of Canada, Mexico and many other countries. We used to do it anymore.”
(Except for the headline, the story has not been edited by NDTV employees and is published by a syndicated feed.)
