Stocks Greet ’Liberation Day’ With Bronx Cheers
- On April 2, Donald Trump announced new import duties at the White House Rose Garden, calling it 'Liberation Day'.
- Trump's administration imposed tariffs, setting a baseline of 10% on imports, to safeguard U.S. Manufacturing.
- China, Taiwan, and the EU face higher import rates, with China at 34% and the EU at 20%, plus 25% on cars.
- Reuters quoted Takahide Kiuchi, who stated Trump's tariffs could hurt the global free trade structure.
- Global markets reacted negatively, and leaders warn that tariffs may slow the economy and endanger supply chains.
11 Articles
11 Articles
Is the U.S. Heading Into a Recession Amid Trump's Tariffs?
On April 2, President Donald Trump held his long-promised “Liberation Day,” during which he took to the Rose Garden of the White House and announced a vast swath of tariffs that he will be implementing. [time-brightcove not-tgx=”true”] Trump’s “Liberation Day” moves saw the introduction of a 10% tariff on all imported goods, and additional import taxes—of varying degrees—placed on 60 other countries. The U.S. and global markets have already sta…
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