What to Know
- President Donald Trump is expected to roll out the largest set of new trade barriers in generations Wednesday, calling it “Liberation Day.”
- The White House has said that the newest tariffs would be reciprocal with other nations and that they would include duties on specific sectors like pharmaceuticals or computer chips.
- Trump has already announced 25% tariffs on automobiles imported to the United States, which will take effect tomorrow.
- Trump administration officials have argued that the higher costs from tariffs are worth it for the increase in manufacturing jobs that would be created over the long-term.
President Donald Trump is set to announce a sweeping plan Wednesday to place tariffs on potentially trillions of dollars’ worth of goods imported into the United States. Follow along for live updates.
Source: www.nbcphiladelphia.com…