Trump Plans 20% Tariffs Amid Trade War Fears

President Donald Trump is set to introduce sweeping tariffs of around 20% on 'Liberation Day,' April 2, targeting nearly $3 trillion worth of imported goods. This move has already caused significant market volatility, with U.S. stocks losing nearly $5 trillion in value and gold prices reaching record highs as investors seek safe havens. While Trump argues that these tariffs will protect U.S. manufacturing and generate federal revenue, critics fear they will backfire, prompting retaliatory measures from trading partners and exacerbating global economic instability. The Trump administration has yet to clarify specific details of the tariffs or potential exemptions, leaving businesses and foreign governments uncertain and apprehensive. In parallel, the administration faces scrutiny over deportation practices after admitting to a 'clerical error' in the wrongful deportation of a Salvadoran national, though maintaining the individual was an MS-13 gang leader. The combination of tariff tensions and immigration controversies underscores the tumultuous nature of current U.S. policy under Trump's leadership.