Trump imposes 10% tariffs on Dominican Republic and other nations

Washington, DC.- U.S. President Donald Trump announced the imposition of a 10% tariff on imports from the Dominican Republic, alongside 20% tariffs on the European Union (EU) and 10% on other Latin American nations, including Argentina, Brazil, and Chile. Speaking at a White House event, Trump called the day “American Liberation Day” and framed the decision as a declaration of economic independence for the U.S.

The executive order establishes a minimum 10% tariff for numerous countries, with higher tariffs for those considered “worst offenders” in blocking U.S. products. Trump specifically criticized the EU, claiming they impose an average 39% tax on American goods, and announced a 20% tariff in retaliation. He also criticized the EU’s ban on American poultry imports while continuing to export cars to the U.S.

In addition to the Dominican Republic, the new tariffs will affect Argentina, Brazil, Colombia, Chile, Ecuador, Guatemala, Honduras, Peru, Costa Rica, and Nicaragua, with a standard 10% levy. Venezuela will face a 15% tariff, while Nicaragua will be hit with 18%. The tariffs will be enforced in two phases: the 10% minimum starts on April 5, while additional country-specific tariffs will begin on April 9.