#TrumpTariffs

Shock: Genius or Global Catastrophe

On April 2, 2025, President Trump announced "Liberation Day," launching a tariff plan that is shaking the world: a 10% tax on all imports starting April 5, with a higher "countervailing" tax—up to 54% on China—set to go into effect on April 9.

The goal is to reduce the U.S. trade deficit of $918.4 billion and revive the manufacturing sector. But as I sit here on April 7, I feel uncertain: is this a smart move or a recipe for chaos?

The impact is immediate. Markets plummet—Dow futures down 1,007 points, and retailers like Five Below drop 15%. Global trade is shaking as China and the EU threaten retaliation.