President Donald Trump has declared what he called a day of “economic independence,” announcing the implementation of reciprocal tariffs on countries around the world. In a decisive speech delivered on Wednesday, Trump described the move as essential for restoring fairness and protecting American economic interests.

“We can't pay the deficits of Canada, Mexico, and so many other countries,” Trump stated. “We used to do it, we can't do it anymore. We have to take care of our people and we're gonna take care of our people first.”

The new tariffs are positioned as a direct response to what the administration perceives as unjust trade practices by multiple nations. By mirroring the tariffs that other countries place on U.S. exports, the White House aims to level the global playing field and stimulate domestic growth.

Trump’s remarks reflect a broader commitment to reshaping international economic dynamics in favor of the United States. The decision is expected to have widespread implications across global markets, potentially reshuffling long-standing trade relationships and economic strategies among key allies and trading partners.

Framing the day as historic, Trump labeled the announcement as a critical turning point: “This is the day we take back control. It’s about fairness, and it’s about putting America first.”