President Donald Trump on Wednesday announced sweeping new global tariffs that will place a 10% levy on almost all imports, plus higher rates on about 60 countries the administration says have the highest trade deficits with the US. 

Among those countries, China will be hit with a 34% reciprocal tariff, the European Union 20%, Vietnam 46% and Taiwan 32%.

“Foreign nations will finally be asked to pay for the privilege of access to our market, the biggest market in the world,” Trump said Wednesday afternoon during remarks from the White House Rose Garden. “We’re right now the biggest market in the world.” 

Trump said his team determined the “worst offenders” by…

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