‘Liberation Day’ leaves world, America perplexed

[WASHINGTON] US President Donald Trump stunned investors and consumers, at home and abroad, on Wednesday (Apr 2), when he announced his most expansive tariffs to date.

In a series of moves that he declared as “Liberation Day” for US trade policy, Trump said he would impose 10 per cent tariffs on all trading partners and double-digit “reciprocal” tariffs on countries that have treated the United States unfairly.

The president said that will correct years of “unfair” trade in which other countries have been “ripping off” America.