Here’s a closer look at Trump’s tariff plan: What to know about the new duties

President Donald Trump laid out his plans for imposing a host of new tariffs on imports to the U.S. Wednesday — a day his administration touted as "Liberation Day" and vowed would restore the American dream. 

Trump unveiled the new tariffs in a ceremony at the White House’s Rose Garden for a "Make America Wealthy Again" event, where he declared that these new duties would usher in a wave of jobs for U.S. workers. 

"For nations that treat us badly, we will calculate the combined rate of all their tariffs, nonmonetary barriers and other forms of cheating," Trump said Wednesday. 

"And because we are being very kind, we will charge them approximately half of what they are and have been charging us," he said. "So, the tariffs will be n...