Trump, Liberation Day
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USA TODAY |
Trump has repeatedly called April 2 "Liberation Day."
The Economist |
From just 2.3% in 2024, the average American tariff on imports is now expected to rise immediately to about 30%—where it was in the late 1800s.
The Atlantic |
His plan, if fully implemented, will return the United States to the highest tariff duty as a share of the economy since the late 1800s, before the invention of the automobile, aspirin, and the incan...
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Jeremy Siegel from Wharton School claims Trump's tariffs are the biggest policy mistake in 95 years. He warns short-term traders of potential market turbulence. He also expects the Federal Reserve to cut interest rates soon due to the global impact of the tariffs.
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The Mirror US on MSNDonald Trump personally decided tariff rates as he ignored advice from experts hours before orderDonald Trump reportedly personally decided the rates for his controversial, sweeping tariffs and ignored advice from experts in the government mere hours before the signing of his executive order
Trump's announcement of mass tariffs on nearly all U.S. imports on April 2 immediately caused the stock market to free fall, according to a report from NBC News. On Thursday, the
Wall Street saw a massive loss, with $11.1 trillion wiped out since US president Donald Trump's second term began. The past two days alone saw a historic $6.6 trillion drop due to his new tariffs. The S&P 500 and other indices plummeted,
Trump’s “Liberation Day” moves saw the introduction of a 10% tariff on all imported goods, and additional import taxes—of varying degrees—placed on 60 other countries.The U.S. and global markets have already started to feel the impact of Trump’s tariffs,