Trump Announces 'Liberation Day' Tariff Plans

President Donald Trump has announced plans to implement reciprocal tariffs starting April 2, which he calls 'Liberation Day'. These tariffs aim to match the duties that other countries impose on U.S. exports, focusing on sectors such as automobiles, pharmaceuticals, lumber, and semiconductor chips. Trump has suggested that some countries might receive exemptions, introducing uncertainty into the plan. The administration indicates the focus will be on countries with significant trade imbalances with the U.S., potentially affecting the so-called 'Dirty 15'. This ongoing uncertainty has impacted business confidence and could lead to economic disruptions.