Trump’s “Liberation Day” tariff announcement comes after the conclusion of the trading day for U.S. financial markets, which have been rattled by uncertainty over tariffs in recent weeks. The S&P 500 is down about 3.9% year to date and the benchmark index’s gains since Trump’s election in November have been erased amid concerns about a widening trade war.
“April 2nd, 2025, will forever be remembered as the day American industry was reborn,” Trump said in remarks from the Rose Garden. “In a few moments, I will sign a historic executive order instituting reciprocal tariffs around the world. Reciprocal — that means, they do it to us, and we do it to them. Very simple, can’t get any simpler than that”
“This is one of the most important days, in my opinion, in American history. It’s our declaration of economic independence. For years, hardworking American citizens were forced to sit…Read more and see video here.
