Trump reveals ‘Liberation Day’ tariffs across countries

News Snapshot:

President Trump ended months of suspense Wednesday by revealing broad reciprocal duties on all US trade partners, in what he has referred to as "Liberation Day." Trump announced plans to impose a baseline tariff of 10% across all countries, upping those duties for various partners whom he described as bad actors. Here's a sampling of some countries' rates set to go into effect: China: 34% Vietnam: 46% European Union: 20% South Korea: 25% India: 26% Taiwan: 32% The moves Wednesday are the latest escalation of a trade war that also includes plans to impose 25% tariffs on all foreign-made vehicles...