Overview

• President Trump will announce the implementation of 'Liberation Day' tariffs on April 2, targeting all imports with a 25% duty on automobiles and potentially 20% on other goods.
• Key trading partners, including the EU, China, Japan, and South Korea, have prepared retaliatory measures, signaling escalating trade tensions.
• Economists warn that the tariffs could lead to higher consumer prices, inflation, and disruptions to global supply chains, while U.S. industries and lawmakers seek exemptions for critical goods.
• Financial markets remain volatile, with U.S. stock indices experiencing significant declines in March as investors brace for the economic impact of the tariffs.
• The Trump administration claims the tariffs will boost domestic manufacturing and generate an estimated $6 trillion in revenue over the next decade.