Trump’s tariff war on foreign scavengers
- President Donald Trump made good on his campaign promise to implement sweeping new tariffs, doing so with great fanfare during a Wednesday afternoon event in the White House Rose Garden.
- Countries around the world will be hit with at least a 10 percent tariff on their imports with some reaching up to a whopping 50 percent.
- The tariffs are being levied based on ‘barriers to entry.’ That means the European Union will be hit with 20 percent tariffs because it charges a 39 percent tariff on America.