Donald Trump unveiled and then enacted a two-step tariff approach Wednesday as his long-awaited "Liberation Day" plans were released during a Rose Garden event at the White House.
The president is imposing a baseline tariff rate of 10% on all countries that will go into effect on April 5. On top of that, additional tariffs are to be added on top for some of what the administration considers the worst offenders, which will follow on April 9.
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