Reported 1 day ago
President Trump's upcoming tariffs, dubbed 'Liberation Day' on April 2, are set to impose 25% duties on all foreign-made vehicles and reciprocal tariffs on all US trading partners. This move is part of a broader trade policy reshaping, straining relationships with allies like the EU and Canada, and escalating tensions with partners like China and Venezuela. As markets react with volatility, Trump's threats of increased tariffs have prompted concerns among major industries and will likely raise consumer prices significantly.
Source: YAHOO