U.S. President Donald Trump declared April 2, 2025, as a landmark moment in American economic policy. He’s announcement sweeping reciprocal tariffs aimed at reshaping U.S. trade relations, which he’s dubbed “Liberation Day in America.”
The Origin of “Liberation Day”
Trump introduced “Liberation Day” during a White House event on April 2, 2025, titled “Make America Wealthy Again.” He unveiled a tariff plan featuring a universal 10% tariff on all imports, effective April 5, and “reciprocal” tariffs targeting roughly 90 countries, starting April 9.
These reciprocal rates, ranging from 10% to a high of 54% on Chinese goods, are designed to address the significant trade imbalances. President Trump described the move as a way to stop foreign nations from exploiting the U.S. economy, framing it as a step toward national strength and prosperity.
The White House reinforced the message with posts like, “HAPPY LIBERATION DAY, AMERICA! ,” claiming nearly $5 trillion in investment and trade commitments.
Global Reactions
Canada, hit with a 25% tariff, fears economic strain, while the EU’s Ursula von der Leyen has hinted at “countermeasures.” China has vowed to retaliate against the 54% tariff.
Markets
The S&P 500 fell 2.8% and Nasdaq 3% after the announcement, with tech stocks like Apple and Tesla dropping 6-8%.
