Trump Announces New Trade Policy with High Tariffs

US President Donald Trump unveiled a new economic doctrine, imposing a 25% tariff on foreign-made automobiles and additional tariffs on various countries, including China (34%), the EU (20%), and Japan (24%). Calling past trade policies “unilateral surrender,” he vowed to revive US manufacturing and reduce reliance on imports, citing national security concerns. Trump warned foreign leaders to lift their own tariffs or face restricted access to the US market.