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Trump’s ‘Liberation Day’ tariffs could upend global trade

10 0
02.04.2025

The world is bracing for impact as the so-called “Liberation Day” arrives Wednesday—the latest installment of President Trump’s tariff announcements since his return to office in January.

In a Rose Garden address at 4 p.m. ET, the president is set to unveil a sweeping “reciprocal tariff” plan, targeting not only Mexico, Canada, and China, but also other countries in a trade surplus with the U.S. or those holding tariffs on American products.

It is still unclear what countries and industries will be impacted by today’s announcement, as well as the rate of tariffs imposed, and if they will be imposed universally or by country. However, the policy changes are said to go into effect after his speech.

While much........

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