Trump imposes 'Liberation Day' tariffs on every nation
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Trump announced “reciprocal” tariffs on imports from nearly every nation on earth—allies and adversaries alike—in a move that is expected to rock the U.S. economy and will upend global trade.
From Time
US President Donald Trump announced sweeping tariffs on goods from countries across the world, on what he called "Liberation Day".
From BBC
The tariffs announced went far further than anyone had expected.
From The Financial Times
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2hon MSN
President Trump rolled out new tariffs on April 2 aimed at easing trade imbalances. Here's which products could become more expensive as a result.
President Donald Trump said countries, whether staunch allies or adversaries, would be subject to at least a 10% tariff.
IT’S LIBERATION DAY IN AMERICA!,” Trump wrote in a 7:06 a.m. EDT post to his Truth Social site, referring to what he previously described as the “BIG ONE,” reciprocal tariffs.
President Donald Trump announced 10% reciprocal tariffs on all countries, as well as far higher charges for some trading partners including China.
In a YouGov poll conducted shortly after Trump’s “Liberation Day” announcement, 51% of respondents said they either strongly (40%) or somewhat (11%) disapproved of the new tariffs. In contrast, about one-third of respondents, 34%, said they either strongly (15%) or somewhat (19%) approve of the new policy.
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US stocks plummeted at the open. The Nasdaq was down more than 4%, the 10-year Treasury yield hit its lowest level since October, and oil prices dropped 7%.
Donald Trump is expected to announce sweeping tariffs on what he's been calling "Liberation Day." Here's what we know.
2hon MSN
The large service side of the economy grew in March at the slowest pace in nine months, reflecting government spending cuts and uncertainty among businesses spawned by U.S. tariffs. The service index compiled by the Institute for Supply Management dropped to 50.8% in March from 53.5% in the prior month.
Donald Trump has dubbed Wednesday April 2, 2025, "Liberation Day." What is it, and how does it apply to tariffs in the United States?