President Donald Trump announced a number of higher tariffs on important international trading partners at a press conference held on May 28 at the White House Rose Garden.
With large hikes targeted at China and the EU, the action builds on a baseline of 10%. This comes after a month of heated media exchanges that emphasized Trump’s combative stance toward the press and foreign policy.
A reporter made reference to the so-called “TACO Trade”—”Trump Always Chickens Out”—during the announcement, implying that markets no longer take his threats seriously. Trump, who was clearly annoyed, rejected the term and defended his record, pointing to his tariff threats—which included a planned July EU meeting—as effective leverage. “The nastiest question I’ve ever been asked,” he said of the reporter’s inquiry.
A 34% tax on Chinese imports and a 20% increase on EU goods are two examples of specific tariff increases. Trump maintained that the actions would safeguard American industries and generate employment, despite experts warning that this could destabilize international trade. He said, “Our country was looted… that ends now.” However, Walmart’s CEO and other retail executives cautioned that prices could increase significantly.
Only a few weeks prior, Trump was criticized in an ABC interview for Kilmar Abrego Garcia’s unjust deportation. Garcia was transferred to El Salvador despite being protected by a court order. Terry Moran of ABC disputed Trump’s claims that he was a violent member of the MS-13 gang with a criminal history.
Trump doubled down, accusing the journalist of bias when Moran emphasized the legal failure and implied that a tattoo photo was altered. The case remained unresolved at the end of the interview.