Trump, Liberation Day and tariffs
Digest more
Top News
Impacts
Trump announced 10% tariffs on all imports into the United States, and even higher tariffs on goods from about 60 countries or trading blocs that have a high trade deficit with the US.
From CNN
MSNBC’s Lawrence O’Donnell asks, “When did Elon Musk know that his stock price was going to start climbing back up because Donald Trump was going to announce that he was backing down?”
From MSNBC
Read more on News Digest
The New Civil Liberties Alliance is mounting a constitutional challenge to one of the biggest policy questions of our time. Will others follow?
The Senate is headed for another showdown over free trade after Sen. Rand Paul (R-KY) announced legislation to wipe out President Donald Trump’s “Liberation Day” tariffs. Paul is joining Sen. Ron Wyden (D-OR) and five other Democrats to introduce a measure that ends the emergency declaration Trump used to levy a wave of tariffs as
President Trump's tariff pause was due to the outpouring of calls from foreign nations looking to make deals and Trump wanting to fix the national emergency of trade deficits.
Trump and officials in his administration were fielding calls from worried allies, and his advisers presented him with worrying data about the bond markets.
U.S. President Donald Trump has for weeks pegged April 2 as "Liberation Day", when he plans to impose an array of new tariffs that could upend the global trade system. Tariffs also have big implications for corporate earnings, global growth, inflation and ...
Explore more
The value of the U.S. government's Bitcoin holdings has declined 12% from $17.24 billion to $15.21 billion since Trump's announcement of "reciprocal tariffs."
The tariffs' popularity and impact on the economy could be crucial to the outcome of the 2026 midterm elections.
The relief offers hope that agreements can be negotiated to avoid further trade barriers and offer the business community clarity and certainty.