US EditionDonald Trump set to launch new tariffs to "all countries" on April 2
- On Wednesday, April 2, 2025, Republican President Donald Trump planned to roll out a set of tariffs, which he calls 'Liberation Day,' promising to free the United States from foreign goods.
- Trump sees these tariffs as providing national redemption and a way to treat other nations better than they treated the United States, aiming to charge countries for doing business in the U.S., taking jobs, and taking wealth.
- The planned tariffs include a 25% tariff on any country that imports oil from Venezuela, expanded steel and aluminum tariffs, and a 20% tax on imports from China due to its role in fentanyl production, with additional tariffs planned for imported pharmaceutical drugs, copper, and lumber.
- Trump stated, "This is the beginning of Liberation Day in America" and when asked about rising vehicle prices due to tariffs, said, "I hope they raise their prices, because if they do, people are gonna buy American-made cars."
- Economists, foreign leaders, and much of the public view these tariffs negatively, expecting higher consumer prices, destructive effects on the global economy, potential countermeasures from other countries, and a possible increase of $21,000 to the median cost of a home, leading to slumping consumer confidence and stock market performance, and a potential rise in the average tariff rate for all imports to 8.4% in 2025.
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Liberation Day: World economies brace for Donald Trump tariffs deadline
US trading partners scrambled on Tuesday to prepare for the latest raft of Donald Trump tariffs, after the US president left unclear who would be targeted but promised to be “very kind” in addressing what he says are unfair trade imbalances. Trump – who has been making unprecedented use of presidential powers since taking office in January – said he could announce as early as Tuesday night exactly what “reciprocal tariffs” will be imposed. Accor…
·Johannesburg, South Africa
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Total News Sources489
Leaning Left93Leaning Right73Center107Last UpdatedBias Distribution39% Center
Bias Distribution
- 39% of the sources are Center
39% Center
L 34%
C 39%
R 27%
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