President Donald Trump has announced a new 10% baseline tariff on all goods imported into the United States. In addition, he announced custom tariffs of up to 49% on more than 50 countries. For example, there’s a new 20% tariff on imports from the European Union and a new 46% tariff on Vietnam. As part of the announcement, Trump said: “From 1789 to 1913, we were a tariff-backed nation, and the United States was proportionately the wealthiest it has ever been.” In 1913, Trump added, the federal income tax was established. The 10% baseline tariff takes effect April 5, and the custom tariffs begin April 9. To see a White House list of tariffs on various countries: https://bit.ly/4je8O1d
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