RawDiary

Trump's 'Liberation Day' Tariffs: Global Trade in Freefall

President Donald Trump unveiled sweeping reciprocal tariffs on over 60 nations on Liberation Day, triggering a seismic shift in global trade. Markets plunged and international allies braced for retaliation. The bold move upends decades of free trade, sparking economic uncertainty and political upheaval across continents.

24 Hours Trump’s sweeping ‘Liberation Day’ tariffs have ignited a global trade war, rattling markets and prompting retaliatory threats from allies and rivals alike. The new tariffs, imposed on over 60 nations, have sent the dollar plunging and global stocks into chaos. Political divisions deepen as GOP senators clash over trade policy while legal battles rage over defiant migrant deportation flights. International leaders, from NATO allies to Kremlin officials, voice concern over escalating tensions. Meanwhile, humanitarian crises in Myanmar and tech disputes over TikTok and data security add to the turbulent mix. Economic uncertainty and political strife now dominate the news cycle.

Number 10% - Baseline tariff rate on all U.S. imports announced

Quote "They charge us, we charge them" — Donald Trump