Trump's 'Liberation Day' Tariffs Affect Global Trade

The global markets and political leaders are bracing for U.S. President Donald Trump's announcement of new tariffs, dubbed 'Liberation Day', aimed at aligning U.S. duties with those imposed by other nations. This move, expected to affect all countries, has raised concerns about its potential to disrupt global trade and increase costs for U.S. consumers. Indian companies are particularly worried about the tariffs' impact on their exports, while fund managers in India are shifting focus to domestic businesses. Australian exports, particularly in beef and agriculture, are expected to face new tariffs, unsettling international markets. Despite Trump's optimism, economic analysts warn that the tariffs could lead to higher prices and reduced incomes for American families, as markets exhibit volatility in response to the impending announcement.