Trump Finalizes 'Liberation Day' Tariff Plan Targeting Trade Barriers

The reciprocal tariffs, set for announcement on April 2, will focus on the 'dirty 15' countries with significant trade imbalances or barriers against the US.

• The 'Liberation Day' plan shifts from a global flat-rate tariff to a targeted reciprocal approach aimed at specific countries and sectors.
• The tariffs are expected to generate tens of billions in revenue and incentivize domestic investment, according to administration officials.
• Countries with significant trade barriers or imbalances against the US, dubbed the 'dirty 15,' are the primary targets of the plan.
• The plan remains fluid, with ongoing adjustments to the list of targeted countries and sectors, creating uncertainty for global markets.
• Concerns persist about potential retaliation from trade partners and risks of economic slowdown or inflation stemming from the tariffs.

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