#TrumpTariffs "Liberation Day" tariffs and reciprocal tariffs: On April 2, 2025 (the day he called "Liberation Day"), Trump announced "reciprocal" tariffs on all countries not subject to other sanctions, and a global tariff of 10% came into effect on April 5. Additionally, higher reciprocal tariffs specific to each country were set, ranging from 11% to 50% for countries with which the United States has the largest trade deficit.