In a major economic move, President Donald Trump has officially declared April 2 as "Liberation Day," marking the introduction of new tariffs on imported goods. The decision aims to boost domestic manufacturing and reduce reliance on foreign products, particularly from China and Europe.
According to officials, the new tariffs will affect a wide range of industries, including automotive, electronics, and steel manufacturing. The government expects these measures to protect American jobs and strengthen local businesses. However, economic analysts warn that higher import duties could lead to increased prices for consumers and potential trade tensions with affected nations.
The announcement has sparked mixed reactions among business leaders and policymakers. Supporters argue that the move is necessary to restore economic independence, while critics fear that it may disrupt global supply chains and strain international relations.
As the new tariffs take effect, industries and consumers alike are closely watching how this policy shift will impact the economy in the coming months.