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These tariff loopholes may not work after Trump’s ‘Liberation Day’

  • President Trump planned to announce new tariffs, calling it 'Liberation Day' on April 2.
  • Trump believes reciprocal tariffs are needed because other countries are ripping off the U.S.
  • These reciprocal tariffs aim to address non-tariff trade barriers like VATs and DSTs.
  • Trump has already imposed tariffs like 25% on steel/aluminum and threatened 25% for Canada/Mexico.
  • Economists worry new tariffs could harm the US economy, prompting countermeasures and trade war escalation.
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Lean Left

Trump just massively escalated his trade war. Here’s what he announced

President Donald Trump is stepping up his massive global trade war, a move that’s certain to weigh on Americans’ wallets and could push the US economy into a painful recession.

·Atlanta, United States
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Bias Distribution

  • 57% of the sources are Center
57% Center
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The Washington Post broke the news in on Monday, March 31, 2025.
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