Problem with Trump's 'Liberation Day' tariffs
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President Trump announced sweeping tariff hikes on April 2, 2025, citing inflated claims of foreign tariffs on U.S. goods as justification.
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U.S. companies, such as the Magnificent Seven, will face higher costs on the raw materials and finished goods they import.
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Trump also slammed China, which retaliated against his sweeping tariff policy Friday with a new 34% tariff on U.S. goods.
The Trump administration’s latest trade offensive is underway as Customs and Border Protection (CBP) begins enforcing “Liberation Day" tariffs, pulling in more than $200 million a day.
While Trump continues to assert that his "Liberation Day" plans will restore American manufacturing and balance global trade, economists and other experts have given much more grim forecasts of how these tariffs will play out and how badly they will ...
Phone prices may increase due to new US tariffs. Tech analysts predict a potential threefold price hike. Apple's stock value declined. Some users threaten to switch to Samsung. Experts say tariffs could harm the US tech sector.
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Companies that embraced supply-chain diversification by moving some operations to economies geographically close to China now face an array of bad options.
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