Liberation Day, Tariffs
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Economists say the heavy tariffs will push up inflation and hinder the U.S. economy if they are not walked back soon.
From Investopedia
Even after Trump's U-turn on Wednesday that paused steep new tariffs on about 60 nations for 90 days, average U.S. duties remain much higher than a couple of months ago.
From U.S. News & World Report
The sweeping measures, which average 29% across all affected nations, were followed by a targeted 125% tariff on Chinese imports—wiped out trillions in global equity value within 48 hours.
From Harvard Business Review
Read more on News Digest
President Trump on Wednesday announced he was imposing reciprocal tariffs on dozens of nations, citing what he called years of unfair trade practices. Trump announced in the Rose Garden that all foreign countries would face a baseline 10 percent tariff ...
President Donald Trump holds a graph with the list of "Reciprocal Tariffs" and the countries ... I don't know what does. Trump's "Liberation Day" makes even Joe Biden's $400 billion student ...
Read More: Trump’s Promised ‘Liberation Day’ of Tariffs Is Upon Us ... Trump’s month-long delay for many goods from Canada and Mexico, for example, is set to elapse in early April.