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With his announcement of widespread new tariffs on Wednesday, President Trump spared very few places in the world from his effort to upend global trade — not even the remote Heard Island and McDonald Islands, a sub-Antarctic Australian territory inhabited by penguins, but no people.The islands were listed among the nations and territories hit by the Trump administration’s universal 10% tariff, along with mainland Australia.Managed by the Australian government’s Antarctic Division, “the islands are unoccupied by humans and remain one of the world’s least anthropogenically disturbed areas,” according to an official website.”Due to the extreme isolation of Heard Island and…

In a move that could upend American foreign relations across the globe, President Trump announced Wednesday that he is imposing what he calls “reciprocal tariffs” on virtually every nation the U.S. engages with in trade. From April 5, all imports to the U.S. will be subject to a baseline tariff of 10%. Then, beginning April 9, about 90 countries that the Trump administration says currently impose unfair barriers on imported U.S. goods will be hit by additional “reciprocal” taxes.Some of the Asian nations from which the U.S. has long imported vast quantities of consumer goods will be subjected to the…

What to know about Trump’s major “Liberation Day” tariff announcement – CBS News Watch CBS News After much anticipation and intrigue, President Trump has finally unveiled his plan for sweeping reciprocal tariffs. He announced that goods from every nation the U.S. trades with will be subject to import taxes. He and his supporters argue the move will help bring manufacturing back to the U.S. CBS News’ Kelly O’Grady, Olivia Rinaldi, Caitlin Huey-Burns and Lana Zak break it all down. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On Source…