Trump ‘Liberation Day’ Tariffs
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CBS News |
If the tariffs are maintained by the Trump administration and if other nations impose retaliatory tariffs, both the U.S. and other countries "will suffer serious recessions," said Mark Zandi, chief e...
Time |
“I think it's going very well.”
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The Trump administration’s latest trade offensive is underway as Customs and Border Protection (CBP) begins enforcing “Liberation Day" tariffs, pulling in more than $200 million a day.
For decades, the U.S. was at the center of the rules-based trading system, thanks to the WTO and its massive consumer market. No longer.
President Donald Trump announced reciprocal tariffs and a 25% tariff on car imports on his much-anticipated "Liberation Day" tariff rollout.
Trump has imposed world-spanning tariffs. China has responded in kind and further retaliation across Europe and Asia remains expected
1don MSN
Vietnam had a trade surplus of $123.5 billion with the U.S. last year, leading analysts to warn earlier this year that the country was most at risk. Hanoi had tried to win itself a reprieve by preemptively cutting import duties in the lead-up to April 2.
If the average tariff rate passes 20%, that could push the US into stagflation territory and give the economy a growth shock, Citi says.
Trump’s tariffs are sending shockwaves through global markets on fears of an escalating trade war. Follow along for live updates.