#TrumpTariffs

"President Trump announced sweeping new tariffs on April 2, 2025, dubbed 'Liberation Day,' targeting over 150 countries. A 10% baseline tariff hits all imports starting April 5, with higher reciprocal rates—up to 50%—on nations like China and Venezuela effective April 9. A 25% tariff on car imports aims to boost U.S. manufacturing, though experts warn of rising prices and trade war risks. Global markets dropped, and allies like the EU and Canada plan retaliation. Trump claims this will 'reclaim America's destiny,' but economic fallout looms."