On Wednesday, President Trump revealed major tariffs targeting some of the U.S.’ largest trading partners, disrupting decades of established trade policy and raising the threat of a global trade conflict, which he dubbed “Liberation Day.”
Trump announced plans to impose a 10 percent universal tariff on all foreign imports, with 25 percent imposed on imported vehicles and “reciprocal tariffs” on several dozen countries that even exceed 50 percent. The 10 percent baseline tariff will take effect on April 5, while the reciprocal tariffs are set to commence on April 9.
The U.S….
