Trump confirms 25% levy on all foreign automakers and vows to impose ‘reciprocal’ tariffs worldwide – live
theguardian.com/us-news/live/2025/apr/02/donald-trump-tariffs-trade-latest-live-us-politics-news
Photo: theguardian.com · view article
Key FactsTrump's Tariffs: Stocks Plummet, Consumers Alarmed
Apr 2, 2025 · Reading time: ~45 sec.
Summary created with AI assistance · Source: theguardian.com
Summary created with AI assistance · Source: theguardian.com
- Donald Trump announced sweeping tariffs ranging from 10% to 49% on foreign goods, including a 25% tariff on foreign automakers, leading to a significant drop in US stock markets.
- International reactions are mixed, with countries like Norway and Australia expressing concerns over global economic impacts, while British leaders affirm the US remains their closest ally.
- The new tariffs could raise the average US tariff rate to 25%, marking the highest levels since the Great Depression, with experts warning of increased consumer prices.
- A Senate resolution, backed by four Republicans and Democrats, aims to prevent Trump's tariffs on Canada, while labor organizations demand policies that protect workers' rights.
The Trump Tariff Tax is the largest peacetime tax hike in U.S. history.— Mike Pence wrote in a social media post about Donald Trump's new tariffs.
Story Details
| Last Updated | |
| Total Articles | 4 |
Main Topics
News on this topic
‘The law is the same for everyone’: Macron addresses Le Pen verdict for first time and criticises threats against judges – as it happened
theguardian.com/world/live/2025/apr/02/europe-tariffs-donald-trumo-france-le-pen-ukraine-latest-live-news
Global cost of Trump trade war ‘could reach $1.4tn’; Goldman Sachs cuts UK growth forecast over tariff spillovers – business live
theguardian.com/business/live/2025/apr/01/gold-record-high-markets-trump-tariffs-trade-war-recession-inflation-business-live-news
Similar to This
Previous
EU investigating Google’s use of online content for AI purposes; problems with Microsoft’s Copilot – business live
theguardian.com/business/live/2025/dec/09/trump-nvidia-powerful-ai-chips-china-stock-markets-bonds-inflation-business-live-news-updates
Trump says he will meet Putin in Hungary after ‘productive’ call – live: US president says he and Russian leader agreed to convene next week in an undetermined ...
theguardian.com/us-news/live/2025/oct/16/trump-latest-shutdown-vote-jd-vance-republicans-democrats
Donald Trump to address UN general assembly as US allies recognize Palestinian statehood – live
theguardian.com/us-news/live/2025/sep/23/donald-trump-unga-autism-tylenol-us-politics-live-news-updates
Trump urges Democrats to ‘call him’ to send troops to their cities in apparent attempt to legitimize threats of federal takeovers – live
theguardian.com/us-news/live/2025/aug/26/trump-federal-reserve-lisa-cook-news-updates-us-politics-live
Trump says he will meet Vladimir Putin in Alaska next Friday – US politics live: President posts on Truth Social meeting with Russian counterpart will take place ...
theguardian.com/us-news/live/2025/aug/08/donald-trump-washington-dc-police-redistricting-ukraine-russia-gaza-immigration-us-politics-live-news-updates
England v Spain: Women’s Euro 2025 final – live: Minute-by-minute report: Euro 2025 all comes down to this. Join Sarah Rendell for all the latest news from Basel
theguardian.com/football/live/2025/jul/27/england-v-spain-womens-euro-2025-final-live-score-updates
Top justice department official plans meeting with Ghislaine Maxwell amid Epstein files crisis – US politics live
theguardian.com/us-news/live/2025/jul/22/trump-epstein-mike-johnson-congress-vote-politics-latest-updates
Trump lambasts Republicans pursuing what he calls the ‘Epstein hoax’ as ‘stupid people’ – live updates
theguardian.com/us-news/live/2025/jul/16/donald-trump-epstein-files-jd-vance-us-politics-live-news-updates
Trump looking at more Russia sanctions and complains about Putin’s behavior being ‘nice’ but ‘meaningless’ – US politics live
theguardian.com/us-news/live/2025/jul/08/jd-vance-mike-johnson-netanyahu-israel-trump-peace-prize-us-politics-live
Trump references bankers with antisemitic slur in Iowa speech to mark megabill’s passage – as it happened
theguardian.com/us-news/live/2025/jul/03/trump-big-bill-tax-spend-latest-voting
Pentagon details US attack on Iran as Hegseth criticizes media over reporting that questions strike effectiveness – live
theguardian.com/us-news/live/2025/jun/26/us-politics-live-latest-news-donald-trump-iran-democrats-republicans
DWP says transitional payments scheme for those losing Pip ‘one of most generous ever’ – UK politics live
theguardian.com/politics/live/2025/jun/18/pmqs-hs2-pip-universal-credit-benefits-latest-live-politics-news-updates
Protests across US as Trump’s military parade concludes; some rallies thwarted by violence and threats – live
theguardian.com/us-news/live/2025/jun/14/trump-birthday-military-parade-no-kings-protest-live-updates
Trump ‘recommending’ 50% tariff on EU, and threatens Apple with 25% tariff – business live
theguardian.com/business/live/2025/may/23/energy-price-cap-cut-great-britain-retail-sales-stock-markets-bonds-business-live-news
Pakistan to respond ‘forcefully’ to India’s ‘act of war’, says prime minister after attack – live
theguardian.com/world/live/2025/may/06/pakistan-india-attacks-kashmir-live-updates
Trump confirms ‘full and comprehensive’ trade deal with UK – US politics live: US president hails ‘first announcement’ of trade agreement and says ‘many other ...
theguardian.com/us-news/live/2025/may/08/donald-trump-trade-deal-us-politics-live-news-latest
White House claims ‘no final decisions on foreign film tariffs’ after Trump announces plan – live
theguardian.com/us-news/live/2025/may/05/donald-trump-tariffs-film-industry-alcatraz-russia-israel-us-politcs-live-updates
Next