The countries hit hardest by new US tariffs – the plan at a glance
US President Donald Trump announced a sweeping new set of tariffs on Wednesday, arguing that they would allow the United States to economically flourish.
These new import taxes, which Trump imposed via executive order, are expected to send economic shockwaves around the world.
But the US president believes they are necessary to address trading imbalances and to protect American jobs and manufacturing.
Here are the basic elements of the plan.
In a background call before Trump’s speech, a senior White House official told reporters that the president would impose a “baseline” tariff on all imports to the US.
Courtesy: BBC