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‘Liberation Day’ leaves world, America perplexed

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    • New vehicles for sale at a Chevrolet GMC dealership in California. Trump's tariffs are likely to increase the costs of the many foreign components that go into American cars, and raise prices for US automakers and consumers.
    • New vehicles for sale at a Chevrolet GMC dealership in California. Trump's tariffs are likely to increase the costs of the many foreign components that go into American cars, and raise prices for US automakers and consumers. PHOTO: BLOOMBERG

    Leon Hadar

    Published Thu, Apr 3, 2025 · 06:43 PM

    [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.

    US tariffsDonald TrumpTrump administration

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