RawDiary

Trump Declares 'Liberation Day': New Tariffs Rock Global Markets

Trump's bold trade move on 'Liberation Day' announced massive reciprocal tariffs aimed at rebalancing global trade. The decree has rattled markets worldwide, sparking warnings of economic turbulence and diplomatic backlash. With stock futures in freefall and allies vowing retaliation, this decisive action sets the stage for an all-out trade war. The announcement marks a dramatic pivot in U.S. economic policy, intensifying political divisions and shaking cross-border commerce. All eyes now turn to the unfolding fallout on both domestic and international fronts.

24 Hours President Trump has announced sweeping new tariffs on imports designed to counter what he calls long-standing unfair trade practices. Global markets reacted sharply, with stock futures tumbling and international leaders vowing retaliation. The tariffs target key economies in Asia and beyond, prompting concerns over escalating trade tensions and potential economic fallout. Meanwhile, political divisions intensify as Senate Republicans and Democrats clash over tariff policies, and multiple legal challenges and policy reversals are underway on issues from immigration to administrative cuts. The move signals a bold new trade war strategy from the Trump administration. Global economies now face uncertain turbulent times.

Number 54% - Tariff rate on Chinese imports as announced by Trump

Quote "Do not retaliate." — Treasury Secretary Scott Bessent