Donald Trump announces heavy tariffs: 34% for China and 20% for the EU
President Donald Trump announced on Wednesday the signing of an executive order imposing "reciprocal tariffs" worldwide. These include very heavy customs duties for China (+34%) and the EU (+20%). During a ceremony at the White House, he stated that the move aims to put an end to the "plundering" of the United States, ensuring the return of its economy's "golden age."