A 20% tariff on imports from the European Union to the United States has been announced by US President Donald Trump.
Speaking in the White House Rose Garden last night, Mr Trump said the figure is about half the EU levy on US goods, calling the move a "declaration of economic independence".
President Trump described the tariffs as "reciprocal", adding "that means: they do it to us, and we do it to them".
The levies, Mr Trump said, are a response to duties and other non-tariff barriers put on US goods. He argued that the new levies will boost manufacturing jobs at home.
The sweeping duties promise to erect new barriers around the world's largest consumer economy, reversing decades of trade liberalisation that have shaped the global order.
Trading partners are expected to respond with countermeasures of their own that could lead to dramatically higher prices for everything from bicycles to wine.
Watch the video to see US President Donald Trump's tariffs announcement summarised in two minutes.
