Mass. economists, business owners react to Trump’s new tariffs [Video]

Following President Donald Trump’s “Liberation Day” declaration on Wednesday, where he announced wide-ranging reciprocal tariffs against U.S. trading partners, economists and business owners in Massachusetts are wary of the impacts the tariffs will have on the state.Trump said he is imposing a 10% baseline tax on imports from all countries and even higher tariff rates on dozens of nations that run trade surpluses with the U.S.Speaking at the White House on Wednesday afternoon, Trump held up a chart showing the U.S. would charge a 34% tax on imports from China, a 20% tax on imports from the European Union, 25% on South Korea, 24% on Japan and 32% on Taiwan.”This will be indeed the golden age of America,” Trump said during his speech. “Our country has been looted, pillaged, raped and plundered by nations near and far, both friend and foe alike.”Trump’s announcement came after markets had closed for the …