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Trump, Liberation Day and tariffs

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Trump has vowed to expand on his perceived bargaining tool by introducing additional tariffs on these nations on Wednesday.
From USA TODAY
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.
From The Economist
President Donald Trump's punishing tariffs rocked global financial markets on Thursday, with the dollar and U.S. stocks tumbling as investors rushed to safe havens on fears a broadening trade war woul...
From Reuters

Read more on News Digest

Here's what the smartest people in markets and economics are saying about Trump's 'Liberation Day' tariffs
"The best estimate of the loss from tariff policy is now closer to $30 trillion."Summers added that the tariffs were the most expensive and "masochistic" the US had imposed in decades.Mohamed El-Erian"The price action in global financial markets in the immediate aftermath of the US tariff announcement points to major worries about global economic growth,
What is 'Liberation Day'? Donald Trump promises reciprocal tariffs on April 2
President Donald Trump is touting April 2 as the day the U.S. gets "money, and respect, back." Here's why he's calling it "Liberation Day."
What to know about President Trump's 'Liberation Day' tariffs
President Donald Trump revealed his tariff plans as part of a "Liberation Day" ceremony at the White House. Uncertainty over tariffs has roiled financial markets in recent weeks.
Even Americans don’t want Trump’s barmy tariffs, writes Douglas Irwin
Mr Trump’s obsession with tariffs has long been known, but he offered a kaleidoscope of ever-changing rationales for them. They would raise revenue, reshore jobs, reduce trade deficits, ensure reciprocity by providing bargaining leverage,
The Liberation Day hangover
Post contributors weigh in on the tariff announcement.
How Trump’s tariffs will impact Ukraine
U.S. President Donald Trump on April 2 unleashed what he has dubbed "Liberation Day," imposing tariffs on nearly every country in the world — including war-torn Ukraine. Kyiv got off lighter than most with only a 10% tariff on all Ukrainian goods,
Global markets reel as Trump tariffs stoke fear of economic 'spiral of doom'
President Donald Trump's punishing tariffs rocked global financial markets on Thursday, with the dollar and U.S. stocks tumbling as investors rushed to safe havens on fears a broadening trade war would push an already fragile world economy into recession.
Watch: The UK and US fallout from Trump's tariffs
The BBC's Henry Zeffman and Anthony Zurcher explain the fallout from Donald Trump's global trade tariffs. On Wednesday, the US president announced taxes on goods coming into his country including 10% on all UK imports.
How the UK and Europe could respond to Trump’s ‘Liberation Day’ tariffs
Tariffs serve a role in protecting nascent industries, or in countries with limited state capacity. They may protect some strategic or politically powerful firms and workers from international competition.
What to know about Trump’s ‘Liberation Day’ tariffs: How they work and who they hit
President Donald Trump announced sweeping tariffs on most nations Wednesday, which his administration says will free the United States from relying on other countries for trade. The president has framed these tariffs as “reciprocal” to match trade barriers that other countries impose on products from the U.
Is the U.S. Heading Into a Recession Amid Trump’s Tariffs? ‘Liberation Day’ Fallout Sparks Fresh Fears
The U.S. and global markets have already started to feel the impact of Trump’s tariffs, with the U.S. stock market taking the worst hit thus far. The Wall Street slump and global dip in stocks have sparked fresh fears in economists and concerns as to whether the U.S. is heading into a recession.
Liberation Day: Trump unveils reciprocal tariffs, says US will no longer be ‘raped’ by trading partners
President Donald Trump said countries, whether staunch allies or adversaries, would be subject to at least a 10% tariff.
President Donald Trump's 'Liberation Day' tariffs set to take effect
President Donald Trump is expected to declare his next round of tariffs at the White House Wednesday. The announcement is scheduled for 4 p.m. EDT. He has dubbed April 2 as "Liberation Day," and White House officials said the implementation of the financial levies on foreign imports will take place immediately upon his proclamations.
What is Liberation Day? What to know about Trump Liberation Day 2025; when tariffs start
President Donald Trump is calling Wednesday "Liberation Day," but what does it mean? What will happen on April 2? Here's what to know.
Trump live: ‘Liberation Day’ tariffs wipe $3.1 trillion from Wall Street as analysts predict global recession
Liberation Day’ tariffs wipe $3.1 trillion from Wall Street as analysts predict global recession - President Trump says his tariffs are ‘going very well’ despite U.S. markets suffering their steepest
Trump tariffs in full: Every country hit on ‘Liberation Day’ – and the surprising exemptions
Donald Trump has imposed the steepest American tariffs on imports in over a century, levying rates as high as 50 per cent on some countries in a move described by the EU as a “major blow” to the world economy.
Irish Star on MSN22h
Donald Trump's 'Liberation Day' tariffs may backfire like 'own goal' as experts makes chilling warning
Trump promised the US an 'extraordinary' economic boom but his sweeping tariffs could backfire and plunge the US into a recession while escalating trade wars see public support diminish
Global South World on MSN1h
The real victims of Donald Trump's 'Liberation Day' reciprocal tariffs
President Donald Trump's recent implementation of sweeping tariffs has ignited extensive debate and concern, particularly regarding their impact on American consumers and small businesses. These tariffs,
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