On April 2, 2025, President Donald Trump announced the introduction of what he called “Liberation Day” tariffs, a sweeping trade policy aimed at reasserting American economic sovereignty. Speaking from the White House Rose Garden, Trump declared that the U.S. will now impose a minimum 10% tariff on all imported goods, calling it a necessary response to years of unfair trade practices and foreign manipulation.
“We are reclaiming our economic destiny,” Trump said, standing at a podium with the presidential seal. “For too long, other countries have taken advantage of our markets, our workers, and our values. That ends today.”
Under the new policy:
- China faces a 54% tariff
- Vietnam will see a 46% tariff
- Taiwan will be subject to 32%
- The European Union will incur a 20% rate
- Canada and Mexico remain under a 25% tariff from the USMCA adjustments
The announcement immediately drew strong international reactions. European and Asian leaders criticized the move as “protectionist” and threatened to respond with retaliatory tariffs. Economists warned of potential price hikes for American consumers, particularly on electronics, clothing, and auto parts.
Supporters of the plan, however, say it is a long-overdue correction to dependency on foreign manufacturing. U.S. steel, textile, and semiconductor industry groups praised the announcement, anticipating a surge in domestic demand.
Trump framed the move as part of a broader economic revival, positioning it as a cornerstone of his 2025 “America First 2.0” agenda. “This is a new chapter. It’s Liberation Day for American workers,” he concluded.