Trump Set to Announce Sweeping 'Liberation Day' Tariffs
The tariffs, expected to take effect immediately, target a wide range of goods and countries, raising concerns about economic impacts and global trade tensions.
- President Trump will announce the 'Liberation Day' tariffs at 4 PM ET today, marking a significant shift in U.S. trade policy.
- The tariffs, described as 'reciprocal,' are aimed at boosting domestic manufacturing and addressing perceived unfair trade practices.
- Economists warn the tariffs could increase consumer prices, disrupt supply chains, and risk pushing the U.S. economy toward a recession.
- Key trading partners, including the EU and Canada, have prepared retaliatory measures, heightening global trade tensions.
- Public skepticism remains high, with polls indicating widespread concern over rising costs and potential economic harm.
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