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QUOTES-Trump unveils global reciprocal tariffs

ReutersApr 2, 2025 8:30 PM

- President Donald Trump on Wednesday unveiled global reciprocal tariffs during an event at the White House.

Following are highlights of Trump's remarks:

"In many cases, the friend is worse than the foe in terms of trade," Trump said.

"We subsidize a lot of countries and keep them going and keep them in business," Trump said about trade partners, specifically Mexico and Canada. "Why are we doing this? I mean, at what point do we say you got to work for yourselves."

"We are finally putting American first," Trump said.

"Trade deficits are no longer merely an economic problem. They are a national emergency," Trump said.

Trump held up a board showing the new rates charged on most countries. Rates ranged from 10% to 49% on the board.

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