Trump unveils sweeping new tariff plan and when it will go into effect

President Trump announced 10% tariffs on all imports, along with new reciprocal tariffs that will charge half the tax on foreign goods that dozens of countries are charging on American products. The President called it a “Liberation Day” that will bring back American manufacturing, but critics say it could raise prices. Tomorrow it’s 25% on auto imports, later this week is the 10% tariff on nearly all imports, and then next week, the President’s new “reciprocal tariffs” at substantially higher rates on select nations begin. NBC News’ Gabe Gutierrez and Christine Romans reports. For more context and news coverage of the most important stories of our day, click here: https://www.nbcnews.com » Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC » Watch more NBC video: http://bit.ly/MoreNBCNews NBC News Digital is a collection of innovative and powerful news brands that deliver compelling, diverse and engaging news stories. NBC News Digital features NBCNews.com, MSNBC.com, TODAY.com, Nightly News, Meet the Press, Dateline, and the existing apps and digital extensions of these respective properties. We deliver the best in breaking news, live video coverage, original journalism and segments from your favorite NBC News Shows. Connect with NBC News Online! NBC News App: https://apps.nbcnews.com/mobile Breaking News Alerts: https://link.nbcnews.com/join/5cj/breaking-news-signup?cid=sm_npd_nn_yt_bn-clip_190621 Visit NBCNews.Com: http://nbcnews.to/ReadNBC Find NBC News on Facebook: http://nbcnews.to/LikeNBC Follow NBC News on Twitter: http://nbcnews.to/FollowNBC Follow NBC News on Instagram: http://nbcnews.to/InstaNBC #trump #politics #tariffs

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