President Trump’s self-proclaimed “Liberation Day” and its associated tariffs are here. After weeks of vague messaging about exactly what will unfold, the president finally made an announcement today in a ceremony at the White House Rose Garden — which Trump ironically plans on paving over.
In his speech, Trump called the event “our declaration of economic independence” and described it as one of the most important moments in American history before revealing the tariff plans on a chart that he held on stage. The chart displayed a list of countries with the tariff rate they each charge on U.S. goods in one column and the corresponding tariff that the U.S. will implement in response. This will include a 20 percent tariff on the European Union, 10 percent on the U.K., and 24 percent on products from Japan.
