'Liberation Day' 2.0: What's coming and who will feel it the most
'Liberation Day' 2.0: What's coming and who will feel it the most
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The 'Liberation Day' tariffs, initially announced in April, are set to be reinstated on August 1 after several delays. While some countries secured deals to avoid high tariffs, many will face increased US levies. The tariffs were introduced by President Trump to address the US trade deficit, which he deemed a national emergency. The situation has led to retaliatory tariffs from countries like China, resulting in a complex trade landscape. Ongoing negotiations aim to establish more comprehensive agreements.
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