The most far-reaching version of Trump’s strategy would raise the effective, or average, tariff on U.S. imports to about 20%, comparable to the heavy import duties the nation imposed in the 1930s and that contributed to the Great Depression,

US President Donald Trump announced sweeping tariffs on goods from countries across the world, on what he called "Liberation Day". He says he the move will make America wealthy again, but economists warn that prices could rise for Americans and fears of a global trade war have grown.