President Trump's Major Announcement

President Trump declared 'Liberation Day' for the United States, emphasizing a strategy of imposing reciprocal tariffs on countries he believes are financially penalizing the U.S. This announcement included a flat 10% tariff on foreign countries, followed by a more targeted approach based on specific trade deficits. In his presentation, Trump showcased data illustrating how countries like the European Union and Vietnam impose higher tariffs on U.S. goods, advocating for a policy of reciprocity. His approach aims to level the playing field by charging less than what these countries impose on American exports.