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Chuck Schumer: Trump’s tariffs are a dagger to the heart of Western New York

  • On April 2, 2025, Trump is set to announce reciprocal tariffs, calling the day "Liberation Day".
  • Trump's decision follows past threats to increase tariffs on countries to offset trade imbalances.
  • These reciprocal tariffs aim to match the perceived burden each country places on the United States.
  • Goldman Sachs economists expect Trump to announce an average 15% reciprocal tariff, while a 25% tariff already exists on foreign-made cars.
  • Market volatility and a potential recession stem from uncertainty around these tariffs and their economic impact.
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  • 56% of the sources lean Left
56% Left
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The Published Reporter broke the news in on Monday, March 31, 2025.
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