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'Liberation Day' tariffs set the stage for 'chaos' as countries react: Expert

  • President Trump announced new tariffs on April 2, 2025, calling it "Liberation Day" for the American economy.
  • Trump believes these tariffs will revitalize U.S. Manufacturing and address trade imbalances with other nations.
  • The plan included a 10% tariff on most imports, with higher rates on goods from China and the EU .
  • Trump stated, "Our country has been looted, pillaged...by other nations," justifying the tariffs as a reciprocal measure.
  • Experts fear the tariffs could cause economic chaos and retaliatory actions, potentially leading to a global trade war and recession.
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mtracey.net broke the news in on Wednesday, April 2, 2025.
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