President Donald Trump holds a chart as he delivers remarks on reciprocal tariffs during an event in the Rose Garden entitled “Make America Wealthy Again” at the White House in Washington, D.C., on April 2, 2025. Trump geared up to unveil sweeping new “Liberation Day” tariffs in a move that threatens to ignite a devastating global trade war. Key U.S. trading partners including the European Union and Britain said they were preparing their responses to Trump's escalation, as nervous markets fell in Europe and America. Brendan Smialowski/AFP via Getty Images
WASHINGTON—As part of a bold shift in U.S. trade policy, President Donald Trump has ramped up tariffs on Chinese goods, aiming to revive domestic manufacturing and hold Beijing accountable for its decades of market-distorting practices.
At the April 2 “Make America Wealthy Again” event in the White House Rose Garden, Trump unveiled the contours of his global tariff plans, including a 34 percent reciprocal levy on Beijing. The president pointed to China’s currency manipulation and other non-monetary trade barriers.
