Trump, Liberation Day and tariffs
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President Donald Trump announced his wide-ranging slate of reciprocal tariffs on Wednesday, causing varied responses from U.S. trade partners.
From Washington Examiner
"Today, yes we have preferential treatment," Ebrard told reporters.
From Yahoo
The tariffs, Trump said, “are going to give us growth.”
From CNN
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Aides struggled to satisfy the president’s competing priorities before settling on a plan to both raise revenue and boost corporate onshoring.
Donald Trump has dubbed Wednesday April 2, 2025, "Liberation Day." What is it, and how does it apply to tariffs in the United States?
President Donald Trump said countries, whether staunch allies or adversaries, would be subject to at least a 10% tariff.
But at the heart of the decision-making is Trump himself — who has agitated for tough tariffs for more than 40 years.
President Donald Trump’s promised tariffs are a day away – and they’ll go into effect sooner than some had expected. As in, immediately, the White House said Tuesday. Although many details remain unknown,
Attempting to defend Trump's tariffs, the White House points to studies that show they raise prices, cut manufacturing output, and lead to costly retaliation.
It comes as the president recently announced a 25% tariff on imported vehicles and some auto parts among other tariffs.
More than a dozen countries set for US reciprocal tariffs spent the first day of President Donald Trump's tariff rollout not only bracing for the economic fallout but with confusion about exactly what rates they might face.
The president wants to rebalance America’s relationship with the rest of the world. Experts warn of price hikes and a possible recession.