Liberation Day; Reciprocal tariffs announced; Trump singles out Australia beef; Trump says ‘kind’ tariffs will be half of what other countries levy

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Trump has reviewed the names of several countries and entities so far.

He chose Thailand, India and Vietnam for their tariffs on motorcycles and India (again), South Korea and Japan for cars and other vehicles.

“And I say that, friend and enemy, and in many cases the friend is worse than the enemy in terms of commerce,” he said.

“But such horrendous imbalances have devastated our industrial base and have put our national security at risk.

“I do not blame these other countries for this calamity, I blame the former presidents and previous leaders who were not doing their job.

“They let it happen and let him pass at a certain point that no one can believe.

“Therefore, from midnight, we will impose a 25 percent rate to all foreign manufacturing cars.”

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