Russia and North Korea were excluded from Trump's tariff list as neither country engages in meaningful trade relations with the United States.
President Donald Trump declared that April 2 is Liberation Day in the United States and ordered the establishment of reciprocal tariffs on all imported foreign goods from countries that charge
Mr. Trump announced last week that vehicles and auto parts imported into the U.S. will be subject to a 25% tariff rate. The auto tariffs are expected to go into effect at midnight, just hours after the latest round of tariff announcements by the president Wednesday afternoon.
1don MSN
Treasury Secretary Scott Bessent unpacks the Trump administration's sweeping retaliatory tariffs on "Special Report."
Canadian Prime Minister Mark Carney placed counter-tariffs on U.S. vehicles that are not compliant with the United States-Mexico-Canada Agreement in response to President Donald Trump’s tariffs. On Feb.
But at the heart of the decision-making is Trump himself — who has agitated for tough tariffs for more than 40 years.
Explore more
President Donald Trump has declared Wednesday "Liberation Day," when he is expected to roll out a tariff plan that will emphasize his "America First" mission.
The president is promising widespread, worldwide tariffs to take effect this week but no one is entirely sure what he means by that yet.
President Donald Trump has been calling April 2 "Liberation Day" as he reportedly plans a new round of tariffs.