Liberation Day Tariffs: Global Shockwaves from Trump’s Trade Crackdown
President Donald Trump’s sweeping “Liberation Day” tariffs—featuring a 10% baseline on all imports and significantly higher rates on key trading partners—have triggered outrage from global leaders and immediate instability in financial markets. Critics warn of rising consumer costs, trade retaliation, and a looming economic downturn as the world grapples with the most aggressive U.S. trade shift in decades.
Trump Unveils Sweeping Tariff Plan to Combat Trade Deficits
President Donald Trump has introduced a sweeping new tariff policy aimed at correcting long-standing trade imbalances. The plan includes a 10% universal tariff on all imports and significantly higher rates for countries like China, Vietnam, and the European Union. The move has sparked global backlash and market volatility, raising concerns over potential trade wars and inflation. While the administration argues it will promote fair trade and boost U.S. manufacturing, economists remain divided on its long-term impact.