President Donald Trump has announced that the United States will implement new tariffs affecting all countries, set to commence on April 2, 2025—a date he refers to as “Liberation Day.” These tariffs are part of a “reciprocal tariff policy,” aiming to match the duties that other nations impose on U.S. exports.
The announcement has led to significant volatility in global financial markets. Asian and European stock markets have experienced notable declines, and safe-haven assets like gold have seen price increases.
Additionally, there are concerns about potential retaliatory measures from major U.S. trading partners, which could further impact international trade dynamics.
Domestically, the decision has sparked debate. A recent CBS/YouGov poll indicates that while President Trump’s overall approval rating stands at 50%, a majority of Americans are skeptical about the tariff strategy. Specifically, 55% believe the President is overly focused on tariffs at the expense of addressing inflation and reducing everyday costs.
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