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Live from NPR news in Washington, I'm Jack Spear. President Donald Trump announced

a sweeping plan to apply a 10% tariff all imports coming into the U.S. And Bior's Franco-Ordonier's reports a list of

countries will also face additional, quote, reciprocal tariffs. Some countries will face reciprocal

tariffs as high as 49 percent, and what some experts describe is the most aggressive

changes to U.S. trade policy in decades. President Trump announced a plan during a

Rose Garden ceremony at the White House. This is one of the most important days, in my opinion,

in American history. It's our Declaration of Economic Independence. U.S. officials say the 10%

tariffs will start April 5th. About 60 countries will face additional,

customized reciprocal tariffs starting on April 9th. Trump boasted the plan would supercharge

the industrial base and boosts government revenues, but most economists warn that tariffs will

raise prices for consumers and could hurt the economy. Franco, Ordojans, NPR News.

The exact extent to which the new Trump administration tariffs will play out in the economy

is an unknown, but if history is any guide, while the tariffs could create jobs in some

sectors, they will also cause job losses and others.

Diane Swank is the chief economist at KPMG U.S.

She says the higher tariffs against goods imported from other countries could essentially

rewrite the way global trade has been conducted, potentially pushing up prices for U.S. consumers.

Tariffs are a regressive tax. Not only do they tax those who can afford at least. They also tend to

trigger reactions by our trading partners and can trigger a trade war. And they cause inflation and

...