Reported 1 day ago
President Trump announced a new tariff policy dubbed 'Liberation Day', imposing a baseline 10% tariff on all US trade partners, with higher rates for countries deemed as bad actors. This includes tariffs of up to 50% for some nations and the introduction of 25% tariffs on foreign-made automobiles. The move marks the escalation of an ongoing trade war and raises concerns about economic repercussions, particularly in the tech sector, where stocks faced significant declines following the announcement.
Source: YAHOO