Trump's tariffs explained

It's the day after America 'reclaimed it's destiny', or so Donald Trump says. The President announced a raft of 'reciprocal' new tariffs from the White House rose garden, including a 10% levy on the UK which – before it comes into effect on 5th April – the government hope to negotiate down. Other countries have come off much worse. China, for example, will experience a 34 per cent ‘discounted reciprocal tariffs’, compared to the 67 per cent Trump claims China puts on US goods. The European Union will experience 20 per cent levies, compared to the 39 per cent Trump also says is put on US goods. ‘We’re a very kind people, we’re very kind,’ the President said of Americans. But ‘not so kind when you get ripped off’. The EU says they have a 'strong plan' to retaliate, how might this jeopardise Starmer's European reset? And is the UK's lower rate a rare example of a Brexit benefit? Oscar Edmondson speaks to Katy Balls and Freddy Gray. Produced by Oscar Edmondson. Become a Spectator subscriber today to access this podcast without adverts. Go to spectator.co.uk/adfree to find out more.For more Spectator podcasts, go to spectator.co.uk/podcasts.Contact us: [email protected] Hosted on Acast. See acast.com/privacy for more information.