US President Trump's 10% tariffs come into effect as European nations remain on alert
US President Donald Trump's import tariffs came into effect on Saturday. The 10% duties will hit a wide range of goods entering the country. As European leaders remain on alert but call for a measured response.
READ MORE : http://www.euronews.com/2025/04/05/us-president-trumps-10-tariffs-come-into-effect-as-european-nations-remain-on-alert
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US President Donald Trump's import tariffs came into effect on Saturday. The 10% duties will hit a wide range of goods entering the country. As European leaders remain on alert but call for a measured response.
READ MORE : http://www.euronews.com/2025/04/05/us-president-trumps-10-tariffs-come-into-effect-as-european-nations-remain-on-alert
Subscribe to our channel. Euronews is available on Dailymotion in 12 languages
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NewsTranscript
00:00US President Donald Trump's 10% baseline tax on all imports announced on Wednesday began
00:08this Saturday.
00:09Trump's tariffs have triggered an escalating trade war and caused global markets to fall.
00:15The move, called reciprocal tariffs, is a key campaign promise and aims to reduce the
00:21trade gap by increasing taxes on foreign goods.
00:25The money from these taxes goes to the US government to help pay for services.
00:30Trump wants to use this money to fund US tax cuts, which analysts say would disproportionately
00:37benefit the wealthy.
00:38The 20% tax on European products could actually lower prices in Europe due to increased supply
00:45from China and within the EU.
00:47According to the World Trade Organization, US tariffs are generally lower than those
00:52charged by other countries.
00:55Next week, higher levies are set to begin.