Money 💲 Grinder 💵 Let's Burn Trump'$ U.S. Dollar Down 💵

Liberation Day tariffs ~From Wikipedia, the free encyclopedia

For broader coverage of this topic, see Tariffs in the second Trump administration.
Trump displaying the chart detailing tariffs levied against the United States and retaliatory tariffs ("Liberation Day tariffs") that he would issue in turn

On April 2, 2025, United States president Donald Trump held a White House Rose Garden ceremony where he announced "reciprocal tariff" strategy, which he had previously promised and described as necessary to correct what he characterized as decades of unfair trading relationships that disadvantaged American manufacturers and workers. He called April 2 "Liberation Day" and said it was "one of the most important days in American history", thus the newly introduced tariffs came to be known as "Liberation Day tariffs".[1]

During the event, Trump signed Executive Order 14257,[2] which outlined extensive global tariff policies which he described as the United States' "declaration of economic independence".

The announcement of the order marked the beginning of a global trade war and triggered a global stock market crash.
Background
Main articles: Tariffs in the second Trump administration, China–United States trade war, and 2025 United States trade war with Canada and Mexico

Prior to the "Liberation Day" announcement, Trump had implemented several tariff policies since returning to office in January 2025. These included duties on steel and aluminum imports, as well as tariffs targeting specific countries such as China, Canada, and Mexico. The administration had also announced a 25% tariff on imported automobiles and automotive parts scheduled to take effect at midnight on April 3, 2025. These previous measures had already increased the average U.S. tariff rate to approximately 12%, the highest level since World War II according to Deutsche Bank Research.[1][3]
Tariff announcement
Liberation Day tariffsRegulating Imports with a Reciprocal Tariff to Rectify Trade Practices that Contribute to Large and Persistent Annual United States Goods Trade Deficits
Seal of the President of the United States
Front page of Executive Order 14257
Type Executive order
Number 14257
President Donald Trump
Signed April 2, 2025
Federal Register details
Federal Register
document number 2025-06063
Publication date April 7, 2025

In the White House Rose Garden address on April 2, 2025, Trump declared that April 2 was "Liberation Day," describing the announcement as "one of the most important days in American history" and "our declaration of economic independence." The president unveiled a two-tier tariff structure: a baseline 10% tariff applied universally to imports from all countries with the exception of Canada and Mexico, and additional country-specific "reciprocal" tariffs based on what the administration deemed unfair trade practices by approximately 60 individual nations.[1][4] The 10% baseline tariff would begin at
a.m. EDT on April 5, 2025 ( UTC), while the higher country-specific rates would commence at

a.m. EDT on April 9, 2025.[4]

Trump declared a national emergency to address what he described as a "large and persistent U.S. trade deficit", enabling him to invoke the IEEPA to impose a 10% tariff on all imports to the US, effective April 5, 2025.[5] He also announced higher tariffs on approximately 60 countries and territories set to begin April 9.[6] The White House confirmed that these tariffs would be applied in addition to existing measures on Chinese imports, resulting in an effective tariff rate of 54% on Chinese goods after April 9, 2025.[7]

The tariffs would apply to more than 100 trading partners. However, they would not impact products already subject to previous tariff actions, including steel, aluminum, vehicles, and vehicle parts. Energy products and certain minerals "not available in the United States" were also exempted.[1]

Among the highest tariff rates announced included:[1][3][8]

Cambodia: 49%
Vietnam: 46%
Sri Lanka: 44%
Bangladesh: 37%
Thailand: 36%
China: 34% (in addition to existing 20% levies)
Taiwan: 32%
Indonesia: 32%
Switzerland: 31%
South Africa: 30%
Pakistan: 29%
India: 26%
South Korea: 25%
Japan: 24%

Among the lowest:

European Union: 20%
Israel 17%
Australia: 10% (despite trade surplus, not deficit)
Ukraine: 10%
United Kingdom: 10%

Many countries get the lowest tariff rate of 10%, except for 0% on the heavily sanctioned Russia and North Korea.

The $800 de minimis threshold for duty-free imports from China was eliminated, effective May 2, with plans to eliminate this threshold for other countries once administrative capacity was established.[9] The elimination of this exemption would take effect on May 2, 2025.

#trump #djt #maga #gob #wallstreet #stockmarket #tariffs #liberationday #intel #bondmarket #equities #daytrading #investing #economy #petshopboys #opportunities

Watch on Odysee: https://odysee.com/@choppergirl:d/Let's-Make-Lots-Of-Money:d