This April 2, 2025, Donald Trump spoke from the Roseraie de la Maison Blanche to announce a series of unprecedented protectionist measures, as part of what he now calls the “day of economic liberation”. True to his credo America First, the American president detailed an imposing decree of massive customs tariffs intended to reindustrialize the country and to reduce his dependence on foreign imports. Unfortunately, the markets did not expect what was going to follow …
Donald Trump announces a new wave of customs tariffs
In a speech of almost 45 min this Wednesday, April 2 in the United States, Donald Trump announced a series of new customs tariffs as part of his “Liberation Day”. Here are the main points!
Basic price of 10 % on all business partners
All countries will be affected by a 10 %floor rate. This rate may increase according to the commercial practices of each nation.
Specific prices by country:
- 20 % on products imported from the European Union
- 34 % on imports from China
- 46 % on Vietnam
- 24 % on Japan
Trump justifies these differences by the accumulation of prices, non -monetary barriers and other “forms of cheating” used by these countries.
Principle of partial reciprocity
“What they impose on us, we will impose half of them,” said Donald Trump, recognizing that reciprocity will not be total to avoid excessive tensions with certain partners.
25 % customs duties on foreign automotive imports
From this Thursday, April 3 at midnight, any imported car will be taxed up to 25 %. A measure intended to force car manufacturers to relocate their production.
Tacit ban on industrial relocation
The American president has hammered that “no company will be authorized to settle in other countries”, clearly targeting the large American firms that have moved their production.
Donald Trump described this policy as “the declaration of economic independence of America”, saying that it would inaugurate a new golden age, marked by the return of factories, jobs and a drop in prices for consumers. What will be the reaction of the stock markets?
Immediate reaction of the markets!
The scholarship markets reacted directly to Donald Trump's statements, with a significant drop in shares. The technology (XLK) and discretionary (Xly) (XLK) sectors were the most affected, recording a decrease of approximately 3 % in the after-Bourse exchanges. Flagship actions like NVIDIA (NVDA)Amazon (Amzn) and Tesla (TSLA) fell by more than 4 %.
Trump's declaration on new customs tariffs marks a turning point in its protectionist policy, aimed at reindustrializing America. However, this offensive of the Liberation Day quickly rocked the markets, triggering significant reductions in key sectors. The long -term impact on the global economy remains uncertain and could trigger a panic.
Maximize your Cointribne experience with our 'Read to Earn' program! For each article you read, earn points and access exclusive rewards. Sign up now and start accumulating advantages.
