Overview

• President Trump will announce the 'Liberation Day' tariffs at 4 PM ET today, marking a significant shift in U.S. trade policy.
• The tariffs, described as 'reciprocal,' are aimed at boosting domestic manufacturing and addressing perceived unfair trade practices.
• Economists warn the tariffs could increase consumer prices, disrupt supply chains, and risk pushing the U.S. economy toward a recession.
• Key trading partners, including the EU and Canada, have prepared retaliatory measures, heightening global trade tensions.
• Public skepticism remains high, with polls indicating widespread concern over rising costs and potential economic harm.