Trump says US being ‘looted’ by other nations is justification for new ‘reciprocal’ tariffs

U.S. President Donald Trump on Wednesday announced new tariffs on nearly all U.S. trading partners — a 34% tax on imports from China and 20% on the European Union, among others — that threaten to dismantle much of the architecture of the global economy and trigger broader trade wars. Trump used aggressive rhetoric to describe the global trade system that the United States helped to build after World War II, claiming that in his view “our country has been looted, pillaged, raped and plundered” by other nations.