On April 2, 2025, President Donald Trump announced a series of sweeping tariffs during what he termed the “Liberation Day” speech.
These measures include a universal 10 percent tariff on all imports, with additional, higher tariffs targeting specific countries based on trade imbalances.
For instance, China faces a 34 percent tariff, the European Union 20 percent, and Japan 24 percent. The administration asserts that these tariffs aim to bolster domestic manufacturing and rectify longstanding trade deficits. [Read more…] about Consensus seems to support the view that tariffs will negatively affect the United States
