US business groups voice dismay at Trump's new tariffs

by Daniel AVIS

President Donald Trump's tariff announcement on Wednesday was widely panned by US business lobbying groups, who voiced concern about the impact of the sweeping new duties on their operations.

During a speech in the White House's rose garden, Trump unveiled a baseline 10 percent tariff against almost all US trading partners in the world from April 5, and an additional top-up rate from April 9 for other countries currently imposing tariff and non-tariff barriers against US companies.