Trump, Liberation Day and April 2
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USA TODAY |
Trump is expected to enact reciprocal tariffs on major trading partners on Wednesday, particularly those that contribute the most to the $1.2 trillion U.S. trade deficit.
The Washington Post |
President Donald Trump is set to announce a barrage of self-described “reciprocal” tariffs on friend and foe alike.
U.S. News & World Report |
"Trade deficits are no longer merely an economic problem. They are a national emergency," Trump said.
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Trump's announcement of mass tariffs on nearly all U.S. imports on April 2 immediately caused the stock market to free fall, according to a report from NBC News. On Thursday, the
President Donald Trump vowed Friday to stay the course on his sweeping tariffs plan, which sent U.S. financial markets into their steepest one-day decline Thursday since 2020 and prompted retaliation from some major trading partners.