Real-time update: Trump lashes at trading partners as new tariffs are announced

The day of President Trump’s long-promised mutual tariffs has arrived, and he announced a grand move at a Rose Garden event on Wednesday afternoon.

“It’s the U.S. liberation day,” Trump posted all caps on his truth social platform around 7 a.m., with his 10% tariff on benchmarks for all foreign imports at the end of the day, and with dozens of countries that the White House considers “worst criminals” to be higher when trading barriers are at the moment.

“It seems to me that this is one of the most important days in American history,” Trump said. “This is our declaration of economic independence.”

The president also put pressure on former Senate Republican leader Mitch McConnell (R-ky.) and other Republicans, but he was marked as “unfaithful” in the House of Lords to vote against the Democratic resolution to ban his urgent announcement of tariffs on Canada, but it seems likely to pass a Wednesday night vote.

In the Senate, the Finance Committee announced a 70-page budget resolution that will serve as a tool to adopt Trump’s agenda.

The budget blueprint will allow Senate Budget Committee Chairman Lindsey Graham (RS.C.) to be a staunch ally of President Trump, which determines whether the power to extend Trump’s tax cuts in 2017 formally increases the federal deficit.

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