US President Donald Trump said his newly imposed tariffs will “transform our nation” and claimed the US will become “industrial powerhouse” on Wednesday (April 2).

Trump said that he would impose a 10% baseline tariff on all imports to the United States and higher duties on some of the country’s biggest trading partners, in a move that ratchets up a trade war that he kicked off on his return to the White House.

Link to President Trump Executive Order of Reciprocal Tariffshttps://t.co/GWv80lMhXk#sabcnews

— Sherwin Bryce-Pease (@sherwiebp) April 2, 2025

Trump also called on foreign companies to build their products in the US to avoid tariffs.

“If you want your tariff rate to be zero, then you build your product right here in America because there is no tariff,” he said.

Trump displayed a poster that listed reciprocal tariffs, including 34% on China and 20% on the European Union, as a response to duties put on US goods.

Trump’s reciprocal tariffs announcement

Other details were not immediately apparent as Trump continued to make remarks that echoed his longstanding complaints that US workers and companies are hurt by global trade.

The administration has said the new tariffs will take effect immediately after Trump announces them, though it has not yet published the official notice required for enforcement.

The administration, however, did publish an official notice that a separate set of tariffs on auto imports that Trump announced last week will take effect starting on April 3.

Global Tariffs | Sherwin Bryce-Pease unpacks Trump’s announcement