Brief by Shorts91NewsDesk / 07:37am on 24 Mar 2025,Monday International
President Donald Trump plans to announce new tariffs on April 2, termed "Liberation Day," targeting imports worth trillions. These "reciprocal tariffs" aim to match the duties that other countries impose on U.S. products. Trump asserts this move will reclaim wealth lost to unfair trade practices. During his initial months in office, he increased tariffs on approximately $800 billion in imports from nations like China, Mexico, and Canada, causing market volatility and recession fears. Despite concerns, the administration is preparing to expand these tariffs, potentially affecting global markets and straining international relations. (PC: NDTV)
