Trump, Liberation Day and April 2
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USA TODAY |
Trump is expected to enact reciprocal tariffs on major trading partners on Wednesday, particularly those that contribute the most to the $1.2 trillion U.S. trade deficit.
The Washington Post |
Wednesday was “Liberation Day,” the start of a multifront trade war President Donald Trump is waging against nearly all of our trading partners.
USA Today |
Some economists predict lower-income households will feel the biggest blow.
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Countries will struggle to figure out how Trump’s officials calculated each specific rate, which he said was based on a mix of tariffs, subsidies and currency manipulation. A few, such as Brazil and the UK,
Donald Trump celebrated America’s so-called Liberation Day by announcing a slew of tariffs on dozens of countries. His plan, if fully implemented, will return the United States to the highest tariff duty as a share of the economy since the late 1800s,