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Trump to announce new tariffs in what he calls ‘Liberation Day’

Trump to announce new tariffs in what he calls ‘Liberation Day’


Trump to announce new tariffs in what he calls ‘Liberation Day’

After weeks of White House hype and public anxiety, President Donald Trump is set to announce a barrage of self-described “reciprocal” tariffs on friend and foe alike.

The new tariffs—coming on what Trump has called “Liberation Day”—are a bid to boost U.S. manufacturing and punish other countries for what he has said are years of unfair trade practices. But according to some economists, the risky move threatens to plunge the economy into a downturn and mangle decades-old alliances.

The White House says the U.S. will benefit from tariffs. President Trump is scheduled to deliver remarks on new tariffs today at 3 pm Central.