Ana Swanson

Well, it's been exciting. Liberation Day. That's right. We're here at 7.52 at night. Been a pretty full day.

Well, it's been exciting. Liberation Day. That's right. We're here at 7.52 at night. Been a pretty full day.

Yeah. So President Trump came into office promising to reorder the global trading system for the United States. And in the last few weeks and months, we've really seen him do that. He has announced sweeping tariffs on some of the country's biggest trading partners on Canada, on Mexico, on China. He's targeted different industries like automobiles and steel and aluminum.

Yeah. So President Trump came into office promising to reorder the global trading system for the United States. And in the last few weeks and months, we've really seen him do that. He has announced sweeping tariffs on some of the country's biggest trading partners on Canada, on Mexico, on China. He's targeted different industries like automobiles and steel and aluminum.

And then today, he was going to come out with what he has described as his biggest measure yet.

And then today, he was going to come out with what he has described as his biggest measure yet.

So at 4 p.m., Trump came out to the Rose Garden and he gave a speech.

So at 4 p.m., Trump came out to the Rose Garden and he gave a speech.

He talked about how America had been cheated for decades.

He talked about how America had been cheated for decades.

How now we're finally going to put the American worker first. and said that the global trading system hadn't worked for the United States and needed to be changed.

How now we're finally going to put the American worker first. and said that the global trading system hadn't worked for the United States and needed to be changed.

He announced two big types of tariffs. First, a universal tariff that will apply across the board to almost all trading partners, and then bigger reciprocal tariffs that go on top of that for countries that are bad actors in his eyes.

He announced two big types of tariffs. First, a universal tariff that will apply across the board to almost all trading partners, and then bigger reciprocal tariffs that go on top of that for countries that are bad actors in his eyes.

And the measures that he's announced were much bigger than many people were expecting.

And the measures that he's announced were much bigger than many people were expecting.

Yeah. So first, the president is imposing what he's calling a universal baseline tariff. And so this goes into effect on basically all trading partners except for Canada and Mexico. It's a 10 percent tariff that applies across the board.

Yeah. So first, the president is imposing what he's calling a universal baseline tariff. And so this goes into effect on basically all trading partners except for Canada and Mexico. It's a 10 percent tariff that applies across the board.

Yeah, that's right. And then on top of that, there are additional tariffs on dozens of other countries in return for what the president is calling their unfair trade and economic practices against the United States.

Yeah, that's right. And then on top of that, there are additional tariffs on dozens of other countries in return for what the president is calling their unfair trade and economic practices against the United States.