Trump, Liberation Day and tariffs
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All U.S. imports face a baseline 10% tariff, effective Saturday.
From The Wall Street Journal
President Donald Trump's move to impose sweeping tariffs on U.S. imports sparked threats of retaliation on Thursday, as companies and governments rushed to count the costs from an escalating trade wa...
From Reuters
The tariffs announced by U.S. President Donald Trump will put a strain on the United States' exports as well, said German Chancellor Olaf Scholz on Thursday.
From Reuters
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Trump wrote in all-caps on his Truth Social platform: “THE OPERATION IS OVER! THE PATIENT LIVED, AND IS HEALING. THE PROGNOSIS IS THAT THE PATIENT WILL BE FAR STRONGER, BIGGER, BETTER, AND MORE RESILIENT THAN EVER BEFORE. MAKE AMERICA GREAT AGAIN!!!”
Here's what big names in business and economics have been saying: Business Roundtable. Joshua Bolten, the CEO of Business Roundtable, an association that represents more than 200
Chinese state media took to social media to post short movies and songs generated with AI in reaction to Trump's tariffs.
President Trump finally announced his long-awaited “Liberation Day” tariff plan: a new 10% minimum tax on all goods entering the United States from overseas plus much-larger-than-expected “reciprocal” levies on imports from major trading partners such as China (34%),
CGTN isn’t the only state media outlet to use AI to slam Trump’s trade policy. New China TV, the English-language social-media-focused brand of China’s official state news service Xinhua, also published on April 3 a three-minute, 18-second sci-fi short called “T.A.R.I.F.F.”
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Key foreign stock markets continued their slide after opening on Friday morning amid the shockwaves of President Donald Trump’s “Liberation Day” tariffs.
From home goods and furniture to soft toys, sneakers and athletic apparel, a slew of U.S. companies have tapped into Vietnam in recent years in an attempt to reduce their reliance on China. They’re now taking a hit after Trump hit the Southeast Asian country with a hefty 46% tariff in his “liberation day” announcement that targeted nations around the world.
Trump's universal 10% tariffs will take effect April 5, while the ostensibly "reciprocal" tariff rate — calculated using an unconventional, to put it mildly, formula based on trade deficit in goods — will be live April 9.