#TrumpTariffs 🧭 What Are the “Liberation Day” / Reciprocal Tariffs?

• On April 2, 2025, Trump signed Executive Order 14257 in the Rose Garden declaring a national emergency under IEEPA and announced sweeping “reciprocal” tariffs: a 10% baseline on most imports, with higher levies on deficit countries, effectively mimicking other nations’ trade barriers  .

• These tariffs covered imports from Canada (25%), Mexico (25%), China (10% rising to 20%), and later steel and aluminum duties under Section 232 were reinstated or increased