Welcome to the News Hour. President Trump announced major new global tariffs today, 10% on all imported goods into the U.S.

Anti-escalated trade wars with a second set of sweeping tariffs for about 60 countries.

During a speech in the Rose Garden, he also issued retaliatory tariffs against many countries in response to what he called unfair trade

practices involving trade barriers and other policies.

The rates varied considerably, but were quite high in some cases, including a 34 percent

tariff on China, 20 percent for the European Union, 24 percent for Japan, and 46 percent

for Vietnam.

The president called it an historic day and said the tariffs would revitalize manufacturing

in the U.S.

It's our declaration of economic independence.

For years, hardworking American citizens were forced to sit on the sidelines as other nations got rich and powerful, much of it at our expense.

But now it's our turn to prosper.

Jobs and factories will come roaring back into our country and you see it happening already.

We will supercharge our domestic industrial base.

We will pry open foreign markets and break down foreign trade barriers.

As part of today's announcement, the president declared a national economic emergency,

which the White House says gives him the authority to impose the tariffs.

To help us understand more about all of this, I'm joined again by Robin Farzad,

economic analyst and host of public radio's full disclosure. Great to see you here, Robin.

Thank you. So let's just get your reaction to these announcements. Big picture, is this better

or worse than what folks were anticipating? It's slightly better than what people were expecting,

but the headlines have been so volatile,

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