Donald Trump’s tariff blitz kicks in — 'This is an economic revolution, and we will win’

  • President Donald Trump’s new tariffs — a $10 universal import duty and reciprocal levies on 90 countries — took effect Saturday, triggering market turbulence and prompting a swift 34% retaliatory tariff from China. Trump hailed the move as a bold push to “Make America Great Again.”

Written By Ravi Hari
Published6 Apr 2025, 02:10 AM IST
US President Donald Trump delivers remarks on tariffs in the Rose Garden at the White House on 2 April. (Reuters)
US President Donald Trump delivers remarks on tariffs in the Rose Garden at the White House on 2 April. (Reuters)

Some of the new tariffs announced by President Donald Trump earlier this week went into effect on Saturday, prompting customs agents to begin collections at US ports of entry. The measures include a $10 universal duty on all imports and reciprocal tariffs aimed at roughly 90 countries.

Trump said these moves are part of a larger effort to rejuvenate the American economy.

“We are bringing back jobs and businesses like never before,” he wrote in a Saturday post on Truth Social.

“It won’t be easy but the end result will be historic. We will, MAKE AMERICA GREAT AGAIN!!!”

Targeted tariffs set for Wednesday

Higher duties targeting specific countries are scheduled to begin on Wednesday. These measures are intended, according to Trump, to enforce trade fairness and restore American manufacturing strength.

Markets react as global tensions rise

The sweeping tariffs, described by Trump as part of an “economic revolution,” rattled global markets, triggering steep selloffs amid fears of a new round of trade wars. The announcement is seen as one of the most aggressive moves of Trump’s second term.

China fires back

China responded swiftly to US tariffs. On Friday, Beijing announced a 34% tariff on all US imports starting April 10.

“China has been negatively impacted by tariffs much harder than the USA, not even close,” Trump claimed on Truth Social.

He doubled down on his hardline stance, stating: “They, and many other nations, have treated us unsustainably badly. We have been the dumb and helpless 'whipping post,' but not any longer.”

Also Read | Trump’s unexpected compliment to Harris after election defeat, new book reveals

Trump spotted reviewing China’s response

While at his golf club in Jupiter, Florida, Trump was seen reading a tabloid article on China’s countermeasures. His administration has made it clear that no retreat from the tariff plan is being considered, even in the face of international backlash.

With the reciprocal tariffs set to kick in midweek, diplomatic tensions are likely to escalate further.

Also Read | A timeline of US-China tit-for-tat tariffs since Trumps first term

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