{"id":16903,"date":"2025-04-02T22:15:30","date_gmt":"2025-04-02T22:15:30","guid":{"rendered":"https:\/\/site.itshrt.com\/worldnews\/trump-tariffs-live-updates-on-liberation-day-after-announcement-of-baseline-10-reciprocal-tariffs\/"},"modified":"2025-04-02T22:15:30","modified_gmt":"2025-04-02T22:15:30","slug":"trump-tariffs-live-updates-on-liberation-day-after-announcement-of-baseline-10-reciprocal-tariffs","status":"publish","type":"post","link":"https:\/\/site.itshrt.com\/worldnews\/trump-tariffs-live-updates-on-liberation-day-after-announcement-of-baseline-10-reciprocal-tariffs\/","title":{"rendered":"Trump tariffs live updates on &#8220;Liberation Day&#8221; after announcement of baseline 10% reciprocal tariffs"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<\/p>\n<div id=\"content__post--f7fec937-fcdf-4e45-8698-541b48098265\">\n            <a name=\"post-update-f7fec937\" class=\"post-update__anchor-link\">\u00a0<\/a><\/p>\n<p>            <time class=\"post-update__time-ago\" datetime=\"2025-04-02T18:10:00-0400\"><br \/>\n              5m ago<br \/>\n            <\/time><\/p>\n<h2 class=\"post-update__headline\">European leaders react to tariffs<\/h2>\n<div class=\"post-update__bodytext\">\n<p>Several European leaders reacted negatively to President Trump&#8217;s tariff announcement.\u00a0<\/p>\n<p>Italian Prime Minister Giorgia Meloni wrote on social media that she felt the tariffs were misguided and would not help either the U.S. or Italy.\u00a0<\/p>\n<p>&#8220;We will do everything we can to work towards an agreement with the United States, with the aim of avoiding a trade war that would inevitably weaken the West in favor of other global players. In any case, as always, we will act in the interest of Italy and its economy, also by discussing with other European partners,&#8221; she wrote.<\/p>\n<p>Swedish Prime Minister Ulf Kristersson on social media wrote, We don&#8217;t want growing trade barriers. We don&#8217;t want a trade war &#8230; We want to find our way back to a path of trade and cooperation together with the US, so that people in our countries can enjoy a better life.&#8221;<\/p>\n<p>Manfred Weber, president of The European People&#8217;s Party Group, the largest party in the European Union, said on social media, &#8220;Today isn&#8217;t liberation day\u2014it&#8217;s resentment day. Donald Trump&#8217;s tariffs don&#8217;t defend fair trade they attack it out of fear and hurt both sides of the Atlantic. Europe stands united, ready to defend its interests, and open to fair, firm talks.&#8221;<\/p>\n<\/p><\/div>\n<div class=\"post-update__footer\">\n              <span class=\"post-update__author\"><br \/>\n                By Jordan Freiman               <\/span><\/p>\n<div class=\"post-update__share post-update__share--desktop\">\n<ul class=\"sharebar\">\n<li class=\"sharebar__button-container sharebar__button-container--service \">\n<p>            <a href=\"http:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.cbsnews.com%2Flive-updates%2Ftrump-liberation-day-announcement-tariffs%2F%23post-update-f7fec937\" class=\"sharebar__button sharebar__button--type-facebook lazyload\" title=\"facebook\" target=\"_blank\" data-component=\"popups\" rel=\"noopener\"><br \/>\n                <svg viewbox=\"0 0 32 32\" class=\"sharebar__icon sharebar__icon--facebook\" aria-hidden=\"true\">\n        <use xlink:href=\"#icon-social-facebook\"\/>\n      <\/svg><br \/>\n      <\/a><\/p>\n<\/li>\n<li class=\"sharebar__button-container sharebar__button-container--service \">\n<p>            <a href=\"https:\/\/twitter.com\/intent\/tweet?related=cbsnews,CBSNews&amp;via=CBSNews&amp;text=European%20leaders%20react%20to%20tariffs&amp;url=https%3A%2F%2Fwww.cbsnews.com%2Flive-updates%2Ftrump-liberation-day-announcement-tariffs%2F%23post-update-f7fec937\" class=\"sharebar__button sharebar__button--type-twitter lazyload\" title=\"twitter\" target=\"_blank\" data-component=\"popups\" rel=\"noopener\"><br \/>\n                <svg viewbox=\"0 0 32 32\" class=\"sharebar__icon sharebar__icon--twitter\" aria-hidden=\"true\">\n        <use xlink:href=\"#icon-social-twitter\"\/>\n      <\/svg><br \/>\n      <\/a><\/p>\n<\/li>\n<li class=\"sharebar__button-container sharebar__button-container--service \">\n<p>            <a href=\"http:\/\/reddit.com\/submit?title=European%20leaders%20react%20to%20tariffs&amp;url=https%3A%2F%2Fwww.cbsnews.com%2Flive-updates%2Ftrump-liberation-day-announcement-tariffs%2F%23post-update-f7fec937\" class=\"sharebar__button sharebar__button--type-reddit lazyload\" title=\"reddit\" target=\"_blank\" data-component=\"popups\" rel=\"noopener\"><br \/>\n                <svg viewbox=\"0 0 32 32\" class=\"sharebar__icon sharebar__icon--reddit\" aria-hidden=\"true\">\n        <use xlink:href=\"#icon-social-reddit\"\/>\n      <\/svg><br \/>\n      <\/a><\/p>\n<\/li>\n<li class=\"sharebar__button-container sharebar__button-container--service \">\n            <textarea class=\"sharebar__textarea\">https:\/\/www.cbsnews.com\/live-updates\/trump-liberation-day-announcement-tariffs\/#post-update-f7fec937<\/textarea><\/p>\n<p>            <a href=\"#\" class=\"sharebar__button sharebar__button--type-link lazyload\" data-link-share-options=\"{\" shareurl=\"\" data-component=\"[\" link-share=\"\" title=\"link\"><br \/>\n                  <svg viewbox=\"0 0 32 32\" class=\"sharebar__icon sharebar__icon--link\" aria-hidden=\"true\">\n        <use xlink:href=\"#icon-social-link\"\/>\n      <\/svg><br \/>\n      <\/a><\/p>\n<\/li>\n<\/ul><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div id=\"content__post--f82b1497-4453-49a6-b068-358df1172c31\">\n            <a name=\"post-update-f82b1497\" class=\"post-update__anchor-link\">\u00a0<\/a><\/p>\n<p>            <time class=\"post-update__time-ago\" datetime=\"2025-04-02T17:32:00-0400\"><br \/>\n              43m ago<br \/>\n            <\/time><\/p>\n<h2 class=\"post-update__headline\">Biggest takeaways from Trump&#8217;s tariff announcement<\/h2>\n<div class=\"post-update__bodytext\">\n<figure class=\"embed embed--type-video embed--type-content_video is-video embed--float-none embed--size-medium \" data-ads=\"{\" extrawordcount=\"\"><figcaption class=\"embed__caption-container\">\n                              <a href=\"https:\/\/www.cbsnews.com\/video\/biggest-takeaways-from-trumps-tariff-announcement\/\" class=\"embed__headline-link\" data-invalid-url-rewritten-http=\"\"><\/p>\n<p>          <span class=\"embed__icon\"><br \/>\n            <svg viewbox=\"0 0 32 32\" aria-hidden=\"true\">\n              <use xlink:href=\"#icon-video\"\/>\n            <\/svg><br \/>\n          <\/span><\/p>\n<p>          <span class=\"embed__headline\">Biggest takeaways from Trump&#8217;s tariff announcement<\/span><\/p>\n<p>          <span class=\"embed__video-duration\">09:56<\/span><\/p>\n<p>                      <\/a><\/p>\n<\/figcaption><\/figure>\n<p>President Trump announced a 10% tariff Wednesday on all countries and additional reciprocal tariffs on the &#8220;worst offenders.&#8221; CBS News&#8217; Weijia Jiang, Kelly O&#8217;Grady, Jo Ling Kent and Margaret Brennan break down the announcement and its likely impact.<\/p>\n<\/p><\/div>\n<div class=\"post-update__footer\">\n              <span class=\"post-update__author\"><br \/>\n                              <\/span><\/p>\n<div class=\"post-update__share post-update__share--desktop\">\n<ul class=\"sharebar\">\n<li class=\"sharebar__button-container sharebar__button-container--service \">\n<p>            <a href=\"http:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.cbsnews.com%2Flive-updates%2Ftrump-liberation-day-announcement-tariffs%2F%23post-update-f82b1497\" class=\"sharebar__button sharebar__button--type-facebook lazyload\" title=\"facebook\" target=\"_blank\" data-component=\"popups\" rel=\"noopener\"><br \/>\n                <svg viewbox=\"0 0 32 32\" class=\"sharebar__icon sharebar__icon--facebook\" aria-hidden=\"true\">\n        <use xlink:href=\"#icon-social-facebook\"\/>\n      <\/svg><br \/>\n      <\/a><\/p>\n<\/li>\n<li class=\"sharebar__button-container sharebar__button-container--service \">\n<p>            <a href=\"https:\/\/twitter.com\/intent\/tweet?related=cbsnews,CBSNews&amp;via=CBSNews&amp;text=Biggest%20takeaways%20from%20Trump%27s%20tariff%20announcement&amp;url=https%3A%2F%2Fwww.cbsnews.com%2Flive-updates%2Ftrump-liberation-day-announcement-tariffs%2F%23post-update-f82b1497\" class=\"sharebar__button sharebar__button--type-twitter lazyload\" title=\"twitter\" target=\"_blank\" data-component=\"popups\" rel=\"noopener\"><br \/>\n                <svg viewbox=\"0 0 32 32\" class=\"sharebar__icon sharebar__icon--twitter\" aria-hidden=\"true\">\n        <use xlink:href=\"#icon-social-twitter\"\/>\n      <\/svg><br \/>\n      <\/a><\/p>\n<\/li>\n<li class=\"sharebar__button-container sharebar__button-container--service \">\n<p>            <a href=\"http:\/\/reddit.com\/submit?title=Biggest%20takeaways%20from%20Trump%27s%20tariff%20announcement&amp;url=https%3A%2F%2Fwww.cbsnews.com%2Flive-updates%2Ftrump-liberation-day-announcement-tariffs%2F%23post-update-f82b1497\" class=\"sharebar__button sharebar__button--type-reddit lazyload\" title=\"reddit\" target=\"_blank\" data-component=\"popups\" rel=\"noopener\"><br \/>\n                <svg viewbox=\"0 0 32 32\" class=\"sharebar__icon sharebar__icon--reddit\" aria-hidden=\"true\">\n        <use xlink:href=\"#icon-social-reddit\"\/>\n      <\/svg><br \/>\n      <\/a><\/p>\n<\/li>\n<li class=\"sharebar__button-container sharebar__button-container--service \">\n            <textarea class=\"sharebar__textarea\">https:\/\/www.cbsnews.com\/live-updates\/trump-liberation-day-announcement-tariffs\/#post-update-f82b1497<\/textarea><\/p>\n<p>            <a href=\"#\" class=\"sharebar__button sharebar__button--type-link lazyload\" data-link-share-options=\"{\" shareurl=\"\" data-component=\"[\" link-share=\"\" title=\"link\"><br \/>\n                  <svg viewbox=\"0 0 32 32\" class=\"sharebar__icon sharebar__icon--link\" aria-hidden=\"true\">\n        <use xlink:href=\"#icon-social-link\"\/>\n      <\/svg><br \/>\n      <\/a><\/p>\n<\/li>\n<\/ul><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div id=\"content__post--16a29099-9c0d-4086-afa1-ab26a70b39dc\">\n            <a name=\"post-update-16a29099\" class=\"post-update__anchor-link\">\u00a0<\/a><\/p>\n<p>            <time class=\"post-update__time-ago\" datetime=\"2025-04-02T17:19:00-0400\"><br \/>\n              56m ago<br \/>\n            <\/time><\/p>\n<h2 class=\"post-update__headline\">Tariff critics say new Trump levies will raise prices<\/h2>\n<div class=\"post-update__bodytext\">\n<p>Free trade advocates blasted the Trump administration after it unveiled a <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/live-updates\/trump-liberation-day-announcement-tariffs\/\" data-invalid-url-rewritten-http=\"\">10% tariff on all U.S. imports<\/a><\/span> from foreign countries and reciprocal tariffs on more than 60 countries.\u00a0<\/p>\n<p>Trade experts Colin Grabow and Scott Lincicome of the Cato Institute, a libertarian think tank, said in a statement that the White House&#8217;s barrage of new tariffs will raise prices for U.S. consumers, dent business investment, dampen broader economic growth and expose American manufacturers to retaliatory trade measures from other countries.\u00a0<\/p>\n<p>&#8220;The tariffs&#8217; only clear beneficiaries, meanwhile, will be corporate cronies, K Street influence peddlers and American adversaries who profit from the United States&#8217; tarnished international reputation,&#8221; Grabow and Lincicome said.\u00a0<\/p>\n<p>The Cato analysts&#8217; warning aligns with the view of most mainstream economists, who emphasize that tariffs are paid by U.S. importers and that businesses typically pass along many of those costs to consumers.\u00a0<\/p>\n<\/p><\/div>\n<div class=\"post-update__footer\">\n              <span class=\"post-update__author\"><br \/>\n                By Alain Sherter               <\/span><\/p>\n<div class=\"post-update__share post-update__share--desktop\">\n<ul class=\"sharebar\">\n<li class=\"sharebar__button-container sharebar__button-container--service \">\n<p>            <a href=\"http:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.cbsnews.com%2Flive-updates%2Ftrump-liberation-day-announcement-tariffs%2F%23post-update-16a29099\" class=\"sharebar__button sharebar__button--type-facebook lazyload\" title=\"facebook\" target=\"_blank\" data-component=\"popups\" rel=\"noopener\"><br \/>\n                <svg viewbox=\"0 0 32 32\" class=\"sharebar__icon sharebar__icon--facebook\" aria-hidden=\"true\">\n        <use xlink:href=\"#icon-social-facebook\"\/>\n      <\/svg><br \/>\n      <\/a><\/p>\n<\/li>\n<li class=\"sharebar__button-container sharebar__button-container--service \">\n<p>            <a href=\"https:\/\/twitter.com\/intent\/tweet?related=cbsnews,CBSNews&amp;via=CBSNews&amp;text=Tariff%20critics%20say%20new%20Trump%20levies%20will%20raise%20prices&amp;url=https%3A%2F%2Fwww.cbsnews.com%2Flive-updates%2Ftrump-liberation-day-announcement-tariffs%2F%23post-update-16a29099\" class=\"sharebar__button sharebar__button--type-twitter lazyload\" title=\"twitter\" target=\"_blank\" data-component=\"popups\" rel=\"noopener\"><br \/>\n                <svg viewbox=\"0 0 32 32\" class=\"sharebar__icon sharebar__icon--twitter\" aria-hidden=\"true\">\n        <use xlink:href=\"#icon-social-twitter\"\/>\n      <\/svg><br \/>\n      <\/a><\/p>\n<\/li>\n<li class=\"sharebar__button-container sharebar__button-container--service \">\n<p>            <a href=\"http:\/\/reddit.com\/submit?title=Tariff%20critics%20say%20new%20Trump%20levies%20will%20raise%20prices&amp;url=https%3A%2F%2Fwww.cbsnews.com%2Flive-updates%2Ftrump-liberation-day-announcement-tariffs%2F%23post-update-16a29099\" class=\"sharebar__button sharebar__button--type-reddit lazyload\" title=\"reddit\" target=\"_blank\" data-component=\"popups\" rel=\"noopener\"><br \/>\n                <svg viewbox=\"0 0 32 32\" class=\"sharebar__icon sharebar__icon--reddit\" aria-hidden=\"true\">\n        <use xlink:href=\"#icon-social-reddit\"\/>\n      <\/svg><br \/>\n      <\/a><\/p>\n<\/li>\n<li class=\"sharebar__button-container sharebar__button-container--service \">\n            <textarea class=\"sharebar__textarea\">https:\/\/www.cbsnews.com\/live-updates\/trump-liberation-day-announcement-tariffs\/#post-update-16a29099<\/textarea><\/p>\n<p>            <a href=\"#\" class=\"sharebar__button sharebar__button--type-link lazyload\" data-link-share-options=\"{\" shareurl=\"\" data-component=\"[\" link-share=\"\" title=\"link\"><br \/>\n                  <svg viewbox=\"0 0 32 32\" class=\"sharebar__icon sharebar__icon--link\" aria-hidden=\"true\">\n        <use xlink:href=\"#icon-social-link\"\/>\n      <\/svg><br \/>\n      <\/a><\/p>\n<\/li>\n<\/ul><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div id=\"content__post--5c4512c5-7e83-461f-8cd5-dca67157c363\">\n            <a name=\"post-update-5c4512c5\" class=\"post-update__anchor-link\">\u00a0<\/a><\/p>\n<p>            <time class=\"post-update__time-ago\" datetime=\"2025-04-02T17:02:00-0400\"><br \/>\n              5:02 PM<br \/>\n            <\/time><\/p>\n<h2 class=\"post-update__headline\">Trump signs executive orders<\/h2>\n<div class=\"post-update__bodytext\">\n<p>After a nearly hourlong speech, Mr. Trump signed two executive orders enacting the reciprocal tariffs and another closing a U.S. loophole that allows duty-free shipments of Chinese goods worth less than $800.\u00a0<\/p>\n<\/p><\/div>\n<div class=\"post-update__footer\">\n              <span class=\"post-update__author\"><br \/>\n                By Caitlin Yilek               <\/span><\/p>\n<div class=\"post-update__share post-update__share--desktop\">\n<ul class=\"sharebar\">\n<li class=\"sharebar__button-container sharebar__button-container--service \">\n<p>            <a href=\"http:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.cbsnews.com%2Flive-updates%2Ftrump-liberation-day-announcement-tariffs%2F%23post-update-5c4512c5\" class=\"sharebar__button sharebar__button--type-facebook lazyload\" title=\"facebook\" target=\"_blank\" data-component=\"popups\" rel=\"noopener\"><br \/>\n                <svg viewbox=\"0 0 32 32\" class=\"sharebar__icon sharebar__icon--facebook\" aria-hidden=\"true\">\n        <use xlink:href=\"#icon-social-facebook\"\/>\n      <\/svg><br \/>\n      <\/a><\/p>\n<\/li>\n<li class=\"sharebar__button-container sharebar__button-container--service \">\n<p>            <a href=\"https:\/\/twitter.com\/intent\/tweet?related=cbsnews,CBSNews&amp;via=CBSNews&amp;text=Trump%20signs%20executive%20orders&amp;url=https%3A%2F%2Fwww.cbsnews.com%2Flive-updates%2Ftrump-liberation-day-announcement-tariffs%2F%23post-update-5c4512c5\" 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datetime=\"2025-04-02T16:42:00-0400\"><br \/>\n              4:42 PM<br \/>\n            <\/time><\/p>\n<h2 class=\"post-update__headline\">What is a &#8220;reciprocal&#8221; tariff?<\/h2>\n<div class=\"post-update__bodytext\">\n<p>President Trump on Wednesday announced <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/liberation-day-trump-tariffs-explained\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">so-called reciprocal tariffs<\/a><\/span> on roughly 60 countries, along with a baseline 10% universal levy on all U.S. trading partners.\u00a0<\/p>\n<p>A reciprocal tariff is a tax on U.S. imports that matches the duties that other countries charge on American exports.\u00a0<\/p>\n<p>In this case, the Trump administration said it will impose reciprocal tariffs at roughly half the rate of duties charged by other nations, a move economists said suggest a willingness by Trump officials to thrash out new trade terms.<\/p>\n<p>A key question moving forward is how long the White House intends to leave the reciprocal and new baseline tariff in place.\u00a0<\/p>\n<p>&#8220;[T]he point to emphasize is that if the purpose of the reciprocal tariffs is to bring countries to the negotiating table, then these tariffs could plausibly have a relatively short lifespan \u2014 compared to product-specific or any other blanket tariffs \u2014 in cases where trade partners are willing to negotiate,&#8221; Simon MacAdam, deputy chief global economist with Capital Economics, said in a recent note to investors.<\/p>\n<\/p><\/div>\n<div class=\"post-update__footer\">\n              <span class=\"post-update__author\"><br \/>\n                By Alain Sherter               <\/span><\/p>\n<div class=\"post-update__share post-update__share--desktop\">\n<ul class=\"sharebar\">\n<li class=\"sharebar__button-container sharebar__button-container--service \">\n<p>            <a 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sharebar__button-container--service \">\n            <textarea class=\"sharebar__textarea\">https:\/\/www.cbsnews.com\/live-updates\/trump-liberation-day-announcement-tariffs\/#post-update-64d3f040<\/textarea><\/p>\n<p>            <a href=\"#\" class=\"sharebar__button sharebar__button--type-link lazyload\" data-link-share-options=\"{\" shareurl=\"\" data-component=\"[\" link-share=\"\" title=\"link\"><br \/>\n                  <svg viewbox=\"0 0 32 32\" class=\"sharebar__icon sharebar__icon--link\" aria-hidden=\"true\">\n        <use xlink:href=\"#icon-social-link\"\/>\n      <\/svg><br \/>\n      <\/a><\/p>\n<\/li>\n<\/ul><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div id=\"content__post--bf6ec8ca-f919-4886-b1cf-69af6b9b5200\">\n            <a name=\"post-update-bf6ec8ca\" class=\"post-update__anchor-link\">\u00a0<\/a><\/p>\n<p>            <time class=\"post-update__time-ago\" datetime=\"2025-04-02T16:37:00-0400\"><br \/>\n              4:37 PM<br \/>\n            <\/time><\/p>\n<h2 class=\"post-update__headline\">Minimum baseline tariff of 10% to be established, Trump says<\/h2>\n<div class=\"post-update__bodytext\">\n<p>The president announced a baseline tariff of 10% on all countries. Mr. Trump said the tariffs would help &#8220;rebuild our economy and to prevent cheating.&#8221;\u00a0<\/p>\n<p>The baseline tariffs take effect on April 5.\u00a0<\/p>\n<\/p><\/div>\n<div class=\"post-update__footer\">\n              <span class=\"post-update__author\"><br \/>\n                By Caitlin Yilek               <\/span><\/p>\n<div class=\"post-update__share post-update__share--desktop\">\n<ul class=\"sharebar\">\n<li class=\"sharebar__button-container sharebar__button-container--service \">\n<p>            <a href=\"http:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.cbsnews.com%2Flive-updates%2Ftrump-liberation-day-announcement-tariffs%2F%23post-update-bf6ec8ca\" class=\"sharebar__button sharebar__button--type-facebook lazyload\" title=\"facebook\" target=\"_blank\" data-component=\"popups\" rel=\"noopener\"><br \/>\n                <svg viewbox=\"0 0 32 32\" class=\"sharebar__icon sharebar__icon--facebook\" aria-hidden=\"true\">\n        <use xlink:href=\"#icon-social-facebook\"\/>\n      <\/svg><br \/>\n      <\/a><\/p>\n<\/li>\n<li class=\"sharebar__button-container sharebar__button-container--service \">\n<p>            <a href=\"https:\/\/twitter.com\/intent\/tweet?related=cbsnews,CBSNews&amp;via=CBSNews&amp;text=Minimum%20baseline%20tariff%20of%2010%25%20to%20be%20established%2C%20Trump%20says&amp;url=https%3A%2F%2Fwww.cbsnews.com%2Flive-updates%2Ftrump-liberation-day-announcement-tariffs%2F%23post-update-bf6ec8ca\" class=\"sharebar__button sharebar__button--type-twitter lazyload\" title=\"twitter\" target=\"_blank\" data-component=\"popups\" rel=\"noopener\"><br \/>\n                <svg viewbox=\"0 0 32 32\" class=\"sharebar__icon sharebar__icon--twitter\" aria-hidden=\"true\">\n        <use xlink:href=\"#icon-social-twitter\"\/>\n      <\/svg><br \/>\n      <\/a><\/p>\n<\/li>\n<li class=\"sharebar__button-container sharebar__button-container--service \">\n<p>            <a href=\"http:\/\/reddit.com\/submit?title=Minimum%20baseline%20tariff%20of%2010%25%20to%20be%20established%2C%20Trump%20says&amp;url=https%3A%2F%2Fwww.cbsnews.com%2Flive-updates%2Ftrump-liberation-day-announcement-tariffs%2F%23post-update-bf6ec8ca\" class=\"sharebar__button sharebar__button--type-reddit lazyload\" title=\"reddit\" target=\"_blank\" data-component=\"popups\" rel=\"noopener\"><br \/>\n                <svg viewbox=\"0 0 32 32\" class=\"sharebar__icon sharebar__icon--reddit\" aria-hidden=\"true\">\n        <use xlink:href=\"#icon-social-reddit\"\/>\n      <\/svg><br \/>\n      <\/a><\/p>\n<\/li>\n<li class=\"sharebar__button-container sharebar__button-container--service \">\n            <textarea class=\"sharebar__textarea\">https:\/\/www.cbsnews.com\/live-updates\/trump-liberation-day-announcement-tariffs\/#post-update-bf6ec8ca<\/textarea><\/p>\n<p>            <a href=\"#\" class=\"sharebar__button sharebar__button--type-link lazyload\" data-link-share-options=\"{\" shareurl=\"\" data-component=\"[\" link-share=\"\" title=\"link\"><br \/>\n                  <svg viewbox=\"0 0 32 32\" class=\"sharebar__icon sharebar__icon--link\" aria-hidden=\"true\">\n        <use xlink:href=\"#icon-social-link\"\/>\n      <\/svg><br \/>\n      <\/a><\/p>\n<\/li>\n<\/ul><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div id=\"content__post--fc4f2ebd-2933-4d34-84a1-aa8c446610b8\">\n            <a name=\"post-update-fc4f2ebd\" class=\"post-update__anchor-link\">\u00a0<\/a><\/p>\n<p>            <time class=\"post-update__time-ago\" datetime=\"2025-04-02T16:22:00-0400\"><br \/>\n              4:22 PM<br \/>\n            <\/time><\/p>\n<h2 class=\"post-update__headline\">Trump lists off what he considers trade imbalances as he teases reciprocal tariffs<\/h2>\n<div class=\"post-update__bodytext\">\n<p>Mr. Trump, listing off a long list of what he considers trade imbalances, said he would soon sign an executive order to institute reciprocal tariffs &#8220;on countries throughout the world.&#8221;\u00a0<\/p>\n<p>&#8220;Reciprocal. That means they do it to us and we do it to them,&#8221; he said.\u00a0<\/p>\n<\/p><\/div>\n<div class=\"post-update__footer\">\n              <span class=\"post-update__author\"><br \/>\n                By Caitlin Yilek               <\/span><\/p>\n<div class=\"post-update__share post-update__share--desktop\">\n<ul class=\"sharebar\">\n<li class=\"sharebar__button-container sharebar__button-container--service \">\n<p>            <a href=\"http:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.cbsnews.com%2Flive-updates%2Ftrump-liberation-day-announcement-tariffs%2F%23post-update-fc4f2ebd\" class=\"sharebar__button sharebar__button--type-facebook lazyload\" title=\"facebook\" target=\"_blank\" data-component=\"popups\" rel=\"noopener\"><br \/>\n                <svg viewbox=\"0 0 32 32\" class=\"sharebar__icon sharebar__icon--facebook\" aria-hidden=\"true\">\n        <use xlink:href=\"#icon-social-facebook\"\/>\n      <\/svg><br \/>\n      <\/a><\/p>\n<\/li>\n<li class=\"sharebar__button-container sharebar__button-container--service \">\n<p>            <a href=\"https:\/\/twitter.com\/intent\/tweet?related=cbsnews,CBSNews&amp;via=CBSNews&amp;text=Trump%20lists%20off%20what%20he%20considers%20trade%20imbalances%20as%20he%20teases%20reciprocal%20tariffs&amp;url=https%3A%2F%2Fwww.cbsnews.com%2Flive-updates%2Ftrump-liberation-day-announcement-tariffs%2F%23post-update-fc4f2ebd\" class=\"sharebar__button sharebar__button--type-twitter lazyload\" title=\"twitter\" target=\"_blank\" data-component=\"popups\" rel=\"noopener\"><br \/>\n                <svg viewbox=\"0 0 32 32\" class=\"sharebar__icon sharebar__icon--twitter\" aria-hidden=\"true\">\n        <use xlink:href=\"#icon-social-twitter\"\/>\n      <\/svg><br \/>\n      <\/a><\/p>\n<\/li>\n<li class=\"sharebar__button-container sharebar__button-container--service \">\n<p>            <a href=\"http:\/\/reddit.com\/submit?title=Trump%20lists%20off%20what%20he%20considers%20trade%20imbalances%20as%20he%20teases%20reciprocal%20tariffs&amp;url=https%3A%2F%2Fwww.cbsnews.com%2Flive-updates%2Ftrump-liberation-day-announcement-tariffs%2F%23post-update-fc4f2ebd\" class=\"sharebar__button sharebar__button--type-reddit lazyload\" title=\"reddit\" target=\"_blank\" data-component=\"popups\" rel=\"noopener\"><br \/>\n                <svg viewbox=\"0 0 32 32\" class=\"sharebar__icon sharebar__icon--reddit\" aria-hidden=\"true\">\n        <use xlink:href=\"#icon-social-reddit\"\/>\n      <\/svg><br \/>\n      <\/a><\/p>\n<\/li>\n<li class=\"sharebar__button-container sharebar__button-container--service \">\n            <textarea class=\"sharebar__textarea\">https:\/\/www.cbsnews.com\/live-updates\/trump-liberation-day-announcement-tariffs\/#post-update-fc4f2ebd<\/textarea><\/p>\n<p>            <a href=\"#\" class=\"sharebar__button sharebar__button--type-link lazyload\" data-link-share-options=\"{\" shareurl=\"\" data-component=\"[\" link-share=\"\" title=\"link\"><br \/>\n                  <svg viewbox=\"0 0 32 32\" class=\"sharebar__icon sharebar__icon--link\" aria-hidden=\"true\">\n        <use xlink:href=\"#icon-social-link\"\/>\n      <\/svg><br \/>\n      <\/a><\/p>\n<\/li>\n<\/ul><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div id=\"content__post--c522b840-1a6d-4e3a-b0b9-99bc6e560c32\">\n            <a name=\"post-update-c522b840\" class=\"post-update__anchor-link\">\u00a0<\/a><\/p>\n<p>            <time class=\"post-update__time-ago\" datetime=\"2025-04-02T16:34:00-0400\"><br \/>\n              4:34 PM<br \/>\n            <\/time><\/p>\n<h2 class=\"post-update__headline\">Trump displays chart showing what tariffs each country will face<\/h2>\n<div class=\"post-update__bodytext\">\n<figure class=\"embed embed--type-image is-image embed--float-none embed--size-medium\" data-ads=\"{\" extrawordcount=\"\">\n<p>      <span class=\"img embed__content\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/assets2.cbsnewsstatic.com\/hub\/i\/r\/2025\/04\/02\/1f11dec7-9c0c-47e4-8d0a-284d00f4bcc3\/thumbnail\/1240x827\/34a99deb29c6f25146dd1b9cd341c0df\/ap25092740404180.jpg?v=7613930c2bdb7d1bf55be910a9b022f2#\" alt=\"Trump \" height=\"827\" width=\"1240\" loading=\"lazy\"\/><\/span><figcaption class=\"embed__caption-container\">\n<p>                  <span class=\"embed__caption\">President Trump displays a chart listing new tariff rates as he speaks in the Rose Garden at the White House on April 2, 2025.<\/span><\/p>\n<p>                  <span class=\"embed__credit\"><\/p>\n<p>                Mark Schiefelbein \/ AP<\/p>\n<p>                          <\/span><br \/>\n              <\/figcaption><\/figure>\n<p>The president brought out a large chart labeled &#8220;reciprocal tariffs&#8221; that appeared to show the tariffs other countries impose on the U.S. and what the U.S. plans to institute on those countries.\u00a0<\/p>\n<p>Mr. Trump said China would be hit with a 34% reciprocal tariff, the European Union 20%, Vietnam 46%, Taiwan 32%, Japan 24%, India 26% and South Korea 25%. The chart showed Cambodia facing the highest reciprocal tariff, at 49%, followed by Laos at 48% and Madagascar at 47%.\u00a0<\/p>\n<figure class=\"embed embed--type-image is-image embed--float-none embed--size-medium\" data-ads=\"{\" extrawordcount=\"\">\n<p>      <span class=\"img embed__content\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/assets1.cbsnewsstatic.com\/hub\/i\/r\/2025\/04\/02\/c0d30dd9-218d-44d6-864c-19d021c88d83\/thumbnail\/1240x513\/9777659e27266bcd4682ff52aab7f561\/screenshot-2025-04-02-at-4-57-26-pm.png?v=7613930c2bdb7d1bf55be910a9b022f2#\" alt=\"Tariff rates \" height=\"513\" width=\"1240\" loading=\"lazy\"\/><\/span><figcaption class=\"embed__caption-container\">\n<p>                  <span class=\"embed__caption\">Reciprocal tariff rates on several countries and the European Union announced by President Trump on April 2, 2025.<\/span><\/p>\n<p>                  <span class=\"embed__credit\"><\/p>\n<p>                CBS News<\/p>\n<p>                          <\/span><br \/>\n              <\/figcaption><\/figure>\n<p>The reciprocal\u00a0tariffs will take effect on April 9.\u00a0<\/p>\n<p>&#8220;The United States can no longer produce enough antibiotics to treat our sick. We have a tremendous problem. We have to go to foreign countries to treat our sick. If anything ever happened, from a war standpoint, we wouldn&#8217;t be able to do it. We import virtually all of our computers, phones, televisions and electronics. We used to dominate the field, and now we import it all from different countries,&#8221; Mr. Trump said.\u00a0<\/p>\n<p>&#8220;Trade deficits are no longer merely an economic problem. They are a national emergency that threatens our security and our very way of life. It&#8217;s a very great threat to our country,&#8221; he continued. &#8220;For these reasons, starting tomorrow, the United States will implement reciprocal tariffs on other nations.&#8221;\u00a0<\/p>\n<\/p><\/div>\n<div class=\"post-update__footer\">\n              <span class=\"post-update__author\"><br \/>\n                By Caitlin Yilek               <\/span><\/p>\n<div class=\"post-update__share post-update__share--desktop\">\n<ul class=\"sharebar\">\n<li class=\"sharebar__button-container sharebar__button-container--service \">\n<p>            <a href=\"http:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.cbsnews.com%2Flive-updates%2Ftrump-liberation-day-announcement-tariffs%2F%23post-update-c522b840\" class=\"sharebar__button sharebar__button--type-facebook lazyload\" title=\"facebook\" target=\"_blank\" data-component=\"popups\" rel=\"noopener\"><br \/>\n                <svg viewbox=\"0 0 32 32\" class=\"sharebar__icon sharebar__icon--facebook\" aria-hidden=\"true\">\n        <use xlink:href=\"#icon-social-facebook\"\/>\n      <\/svg><br \/>\n      <\/a><\/p>\n<\/li>\n<li class=\"sharebar__button-container sharebar__button-container--service \">\n<p>            <a href=\"https:\/\/twitter.com\/intent\/tweet?related=cbsnews,CBSNews&amp;via=CBSNews&amp;text=Trump%20displays%20chart%20showing%20what%20tariffs%20each%20country%20will%20face&amp;url=https%3A%2F%2Fwww.cbsnews.com%2Flive-updates%2Ftrump-liberation-day-announcement-tariffs%2F%23post-update-c522b840\" class=\"sharebar__button sharebar__button--type-twitter lazyload\" title=\"twitter\" target=\"_blank\" data-component=\"popups\" rel=\"noopener\"><br \/>\n                <svg viewbox=\"0 0 32 32\" class=\"sharebar__icon sharebar__icon--twitter\" aria-hidden=\"true\">\n        <use xlink:href=\"#icon-social-twitter\"\/>\n      <\/svg><br \/>\n      <\/a><\/p>\n<\/li>\n<li class=\"sharebar__button-container sharebar__button-container--service \">\n<p>            <a href=\"http:\/\/reddit.com\/submit?title=Trump%20displays%20chart%20showing%20what%20tariffs%20each%20country%20will%20face&amp;url=https%3A%2F%2Fwww.cbsnews.com%2Flive-updates%2Ftrump-liberation-day-announcement-tariffs%2F%23post-update-c522b840\" class=\"sharebar__button sharebar__button--type-reddit lazyload\" title=\"reddit\" target=\"_blank\" data-component=\"popups\" rel=\"noopener\"><br \/>\n                <svg viewbox=\"0 0 32 32\" class=\"sharebar__icon sharebar__icon--reddit\" aria-hidden=\"true\">\n        <use xlink:href=\"#icon-social-reddit\"\/>\n      <\/svg><br \/>\n      <\/a><\/p>\n<\/li>\n<li class=\"sharebar__button-container sharebar__button-container--service \">\n            <textarea class=\"sharebar__textarea\">https:\/\/www.cbsnews.com\/live-updates\/trump-liberation-day-announcement-tariffs\/#post-update-c522b840<\/textarea><\/p>\n<p>            <a href=\"#\" class=\"sharebar__button sharebar__button--type-link lazyload\" data-link-share-options=\"{\" shareurl=\"\" data-component=\"[\" link-share=\"\" title=\"link\"><br \/>\n                  <svg viewbox=\"0 0 32 32\" class=\"sharebar__icon sharebar__icon--link\" aria-hidden=\"true\">\n        <use xlink:href=\"#icon-social-link\"\/>\n      <\/svg><br \/>\n      <\/a><\/p>\n<\/li>\n<\/ul><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div id=\"content__post--220a9488-02bc-447c-9e51-b8fdf6aef850\">\n            <a name=\"post-update-220a9488\" class=\"post-update__anchor-link\">\u00a0<\/a><\/p>\n<p>            <time class=\"post-update__time-ago\" datetime=\"2025-04-02T16:10:00-0400\"><br \/>\n              4:10 PM<br \/>\n            <\/time><\/p>\n<h2 class=\"post-update__headline\">Trump: &#8220;This is Liberation Day&#8221;<\/h2>\n<div class=\"post-update__bodytext\">\n<p>Mr. Trump opened his remarks declaring, &#8220;This is Liberation Day.&#8221;\u00a0<\/p>\n<p>He said April 2, 2025, &#8220;will forever be remembered as the day American industry was reborn, the day America&#8217;s destiny was reclaimed and the day that we began to make America wealthy again.&#8221;\u00a0<\/p>\n<p>Mr. Trump exuded confidence about dialing up tariffs despite warnings from economists that they will increase prices on American consumers who have already been hit hard by inflation.\u00a0<\/p>\n<\/p><\/div>\n<div class=\"post-update__footer\">\n              <span class=\"post-update__author\"><br \/>\n                By Caitlin Yilek               <\/span><\/p>\n<div class=\"post-update__share post-update__share--desktop\">\n<ul class=\"sharebar\">\n<li class=\"sharebar__button-container sharebar__button-container--service \">\n<p>            <a href=\"http:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.cbsnews.com%2Flive-updates%2Ftrump-liberation-day-announcement-tariffs%2F%23post-update-220a9488\" class=\"sharebar__button sharebar__button--type-facebook lazyload\" title=\"facebook\" target=\"_blank\" data-component=\"popups\" rel=\"noopener\"><br \/>\n                <svg viewbox=\"0 0 32 32\" class=\"sharebar__icon sharebar__icon--facebook\" aria-hidden=\"true\">\n        <use xlink:href=\"#icon-social-facebook\"\/>\n      <\/svg><br \/>\n      <\/a><\/p>\n<\/li>\n<li class=\"sharebar__button-container sharebar__button-container--service \">\n<p>            <a href=\"https:\/\/twitter.com\/intent\/tweet?related=cbsnews,CBSNews&amp;via=CBSNews&amp;text=Trump%3A%20%22This%20is%20Liberation%20Day%22&amp;url=https%3A%2F%2Fwww.cbsnews.com%2Flive-updates%2Ftrump-liberation-day-announcement-tariffs%2F%23post-update-220a9488\" class=\"sharebar__button sharebar__button--type-twitter lazyload\" title=\"twitter\" target=\"_blank\" data-component=\"popups\" rel=\"noopener\"><br \/>\n                <svg viewbox=\"0 0 32 32\" class=\"sharebar__icon sharebar__icon--twitter\" aria-hidden=\"true\">\n        <use xlink:href=\"#icon-social-twitter\"\/>\n      <\/svg><br \/>\n      <\/a><\/p>\n<\/li>\n<li class=\"sharebar__button-container sharebar__button-container--service \">\n<p>            <a href=\"http:\/\/reddit.com\/submit?title=Trump%3A%20%22This%20is%20Liberation%20Day%22&amp;url=https%3A%2F%2Fwww.cbsnews.com%2Flive-updates%2Ftrump-liberation-day-announcement-tariffs%2F%23post-update-220a9488\" class=\"sharebar__button sharebar__button--type-reddit lazyload\" title=\"reddit\" target=\"_blank\" data-component=\"popups\" rel=\"noopener\"><br \/>\n                <svg viewbox=\"0 0 32 32\" class=\"sharebar__icon sharebar__icon--reddit\" aria-hidden=\"true\">\n        <use xlink:href=\"#icon-social-reddit\"\/>\n      <\/svg><br \/>\n      <\/a><\/p>\n<\/li>\n<li class=\"sharebar__button-container sharebar__button-container--service \">\n            <textarea class=\"sharebar__textarea\">https:\/\/www.cbsnews.com\/live-updates\/trump-liberation-day-announcement-tariffs\/#post-update-220a9488<\/textarea><\/p>\n<p>            <a href=\"#\" class=\"sharebar__button sharebar__button--type-link lazyload\" data-link-share-options=\"{\" shareurl=\"\" data-component=\"[\" link-share=\"\" title=\"link\"><br \/>\n                  <svg viewbox=\"0 0 32 32\" class=\"sharebar__icon sharebar__icon--link\" aria-hidden=\"true\">\n        <use xlink:href=\"#icon-social-link\"\/>\n      <\/svg><br \/>\n      <\/a><\/p>\n<\/li>\n<\/ul><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div id=\"content__post--1a19ae24-ce9f-462e-91a2-ddc611b33469\">\n            <a name=\"post-update-1a19ae24\" class=\"post-update__anchor-link\">\u00a0<\/a><\/p>\n<p>            <time class=\"post-update__time-ago\" datetime=\"2025-04-02T15:52:00-0400\"><br \/>\n              3:52 PM<br \/>\n            <\/time><\/p>\n<h2 class=\"post-update__headline\">What does President Trump mean by &#8220;Liberation Day&#8221;?<\/h2>\n<div class=\"post-update__bodytext\">\n<p>President Trump has repeatedly referred to the tariffs he is set to <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/trump-tariffs-april-2-liberation-day\/\" data-invalid-url-rewritten-http=\"\">announce on April 2<\/a><\/span> as &#8220;Liberation Day.&#8221; But liberation from what? First and foremost, Mr. Trump wants to reduce U.S. dependence on foreign goods.<\/p>\n<p>More broadly, and going back to his first term in the White House, Mr. Trump has long sought to reshape the global trade system. Underlying that goal is his view that other countries&#8217; trade policies, along with treaties such as the 1992 North American Free Trade Agreement and 2020 United States-Mexico-Canada agreement, harm American manufacturers and workers.\u00a0<\/p>\n<p>Trump administration officials say that tariffs will spur both foreign and domestic companies to expand in the U.S.; lead to more balanced trade with economic allies; reduce the U.S. trade deficit with other countries; and generate federal revenue that can be used for other priorities.<\/p>\n<p>&#8220;I will immediately begin the overhaul of our trade system to protect American workers and families,&#8221; Mr. Trump said in his Jan. 20 <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/transcript-trump-inauguration-speech-2025\/\" data-invalid-url-rewritten-http=\"\">inaugural address<\/a><\/span>. &#8220;Instead of taxing our citizens to enrich other countries, we will tariff and tax foreign countries to enrich our citizens.&#8221;<\/p>\n<\/p><\/div>\n<div class=\"post-update__footer\">\n              <span class=\"post-update__author\"><br \/>\n                By Alain Sherter               <\/span><\/p>\n<div class=\"post-update__share post-update__share--desktop\">\n<ul class=\"sharebar\">\n<li class=\"sharebar__button-container sharebar__button-container--service \">\n<p>            <a href=\"http:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.cbsnews.com%2Flive-updates%2Ftrump-liberation-day-announcement-tariffs%2F%23post-update-1a19ae24\" class=\"sharebar__button sharebar__button--type-facebook lazyload\" title=\"facebook\" target=\"_blank\" data-component=\"popups\" rel=\"noopener\"><br \/>\n                <svg viewbox=\"0 0 32 32\" class=\"sharebar__icon sharebar__icon--facebook\" aria-hidden=\"true\">\n        <use xlink:href=\"#icon-social-facebook\"\/>\n      <\/svg><br \/>\n      <\/a><\/p>\n<\/li>\n<li class=\"sharebar__button-container sharebar__button-container--service \">\n<p>            <a href=\"https:\/\/twitter.com\/intent\/tweet?related=cbsnews,CBSNews&amp;via=CBSNews&amp;text=What%20does%20President%20Trump%20mean%20by%20%22Liberation%20Day%22%3F&amp;url=https%3A%2F%2Fwww.cbsnews.com%2Flive-updates%2Ftrump-liberation-day-announcement-tariffs%2F%23post-update-1a19ae24\" class=\"sharebar__button sharebar__button--type-twitter lazyload\" title=\"twitter\" target=\"_blank\" data-component=\"popups\" rel=\"noopener\"><br \/>\n                <svg viewbox=\"0 0 32 32\" class=\"sharebar__icon sharebar__icon--twitter\" aria-hidden=\"true\">\n        <use xlink:href=\"#icon-social-twitter\"\/>\n      <\/svg><br \/>\n      <\/a><\/p>\n<\/li>\n<li class=\"sharebar__button-container sharebar__button-container--service \">\n<p>            <a href=\"http:\/\/reddit.com\/submit?title=What%20does%20President%20Trump%20mean%20by%20%22Liberation%20Day%22%3F&amp;url=https%3A%2F%2Fwww.cbsnews.com%2Flive-updates%2Ftrump-liberation-day-announcement-tariffs%2F%23post-update-1a19ae24\" class=\"sharebar__button sharebar__button--type-reddit lazyload\" title=\"reddit\" target=\"_blank\" data-component=\"popups\" rel=\"noopener\"><br \/>\n                <svg viewbox=\"0 0 32 32\" class=\"sharebar__icon sharebar__icon--reddit\" aria-hidden=\"true\">\n        <use xlink:href=\"#icon-social-reddit\"\/>\n      <\/svg><br \/>\n      <\/a><\/p>\n<\/li>\n<li class=\"sharebar__button-container sharebar__button-container--service \">\n            <textarea class=\"sharebar__textarea\">https:\/\/www.cbsnews.com\/live-updates\/trump-liberation-day-announcement-tariffs\/#post-update-1a19ae24<\/textarea><\/p>\n<p>            <a href=\"#\" class=\"sharebar__button sharebar__button--type-link lazyload\" data-link-share-options=\"{\" shareurl=\"\" data-component=\"[\" link-share=\"\" title=\"link\"><br \/>\n                  <svg viewbox=\"0 0 32 32\" class=\"sharebar__icon sharebar__icon--link\" aria-hidden=\"true\">\n        <use xlink:href=\"#icon-social-link\"\/>\n      <\/svg><br \/>\n      <\/a><\/p>\n<\/li>\n<\/ul><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div id=\"content__post--506bcf20-c6eb-44b0-a1c4-f4a602b2f301\">\n            <a name=\"post-update-506bcf20\" class=\"post-update__anchor-link\">\u00a0<\/a><\/p>\n<p>            <time class=\"post-update__time-ago\" datetime=\"2025-04-02T15:38:00-0400\"><br \/>\n              3:38 PM<br \/>\n            <\/time><\/p>\n<h2 class=\"post-update__headline\">Steel and autoworkers invited to White House ceremony<\/h2>\n<div class=\"post-update__bodytext\">\n<p>Rank-and-file steelworkers and autoworkers are expected to be in the Rose Garden audience for Mr. Trump&#8217;s announcement, as are most of Mr. Trump&#8217;s Cabinet, including Vice President JD Vance, two White House officials told CBS News. No CEOs are expected.<\/p>\n<p>Some members of Congress were also invited, including House Speaker Mike Johnson, House Majority Leader Steve Scalise, Senate Majority Leader John Thune, and Republican Sens. Bill Hagerty of Tennessee and Bernie Moreno of Ohio.<\/p>\n<p>\u2014 <em>Sara Cook, Jennifer Jacobs<\/em><\/p>\n<\/p><\/div>\n<div class=\"post-update__footer\">\n              <span class=\"post-update__author\"><br \/>\n                              <\/span><\/p>\n<div class=\"post-update__share post-update__share--desktop\">\n<ul class=\"sharebar\">\n<li class=\"sharebar__button-container sharebar__button-container--service \">\n<p>            <a href=\"http:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.cbsnews.com%2Flive-updates%2Ftrump-liberation-day-announcement-tariffs%2F%23post-update-506bcf20\" class=\"sharebar__button sharebar__button--type-facebook lazyload\" title=\"facebook\" target=\"_blank\" data-component=\"popups\" rel=\"noopener\"><br \/>\n                <svg viewbox=\"0 0 32 32\" class=\"sharebar__icon sharebar__icon--facebook\" aria-hidden=\"true\">\n        <use xlink:href=\"#icon-social-facebook\"\/>\n      <\/svg><br \/>\n      <\/a><\/p>\n<\/li>\n<li class=\"sharebar__button-container sharebar__button-container--service \">\n<p>            <a href=\"https:\/\/twitter.com\/intent\/tweet?related=cbsnews,CBSNews&amp;via=CBSNews&amp;text=Steel%20and%20autoworkers%20invited%20to%20White%20House%20ceremony&amp;url=https%3A%2F%2Fwww.cbsnews.com%2Flive-updates%2Ftrump-liberation-day-announcement-tariffs%2F%23post-update-506bcf20\" class=\"sharebar__button sharebar__button--type-twitter lazyload\" title=\"twitter\" target=\"_blank\" data-component=\"popups\" rel=\"noopener\"><br \/>\n                <svg viewbox=\"0 0 32 32\" class=\"sharebar__icon sharebar__icon--twitter\" aria-hidden=\"true\">\n        <use xlink:href=\"#icon-social-twitter\"\/>\n      <\/svg><br \/>\n      <\/a><\/p>\n<\/li>\n<li class=\"sharebar__button-container sharebar__button-container--service \">\n<p>            <a href=\"http:\/\/reddit.com\/submit?title=Steel%20and%20autoworkers%20invited%20to%20White%20House%20ceremony&amp;url=https%3A%2F%2Fwww.cbsnews.com%2Flive-updates%2Ftrump-liberation-day-announcement-tariffs%2F%23post-update-506bcf20\" class=\"sharebar__button sharebar__button--type-reddit lazyload\" title=\"reddit\" target=\"_blank\" data-component=\"popups\" rel=\"noopener\"><br \/>\n                <svg viewbox=\"0 0 32 32\" class=\"sharebar__icon sharebar__icon--reddit\" aria-hidden=\"true\">\n        <use xlink:href=\"#icon-social-reddit\"\/>\n      <\/svg><br \/>\n      <\/a><\/p>\n<\/li>\n<li class=\"sharebar__button-container sharebar__button-container--service \">\n            <textarea class=\"sharebar__textarea\">https:\/\/www.cbsnews.com\/live-updates\/trump-liberation-day-announcement-tariffs\/#post-update-506bcf20<\/textarea><\/p>\n<p>            <a href=\"#\" class=\"sharebar__button sharebar__button--type-link lazyload\" data-link-share-options=\"{\" shareurl=\"\" data-component=\"[\" link-share=\"\" title=\"link\"><br \/>\n                  <svg viewbox=\"0 0 32 32\" class=\"sharebar__icon sharebar__icon--link\" aria-hidden=\"true\">\n        <use xlink:href=\"#icon-social-link\"\/>\n      <\/svg><br \/>\n      <\/a><\/p>\n<\/li>\n<\/ul><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div id=\"content__post--241a05d9-ef5c-4956-a431-06e3a7a06eba\">\n            <a name=\"post-update-241a05d9\" class=\"post-update__anchor-link\">\u00a0<\/a><\/p>\n<p>            <time class=\"post-update__time-ago\" datetime=\"2025-04-02T15:25:00-0400\"><br \/>\n              3:25 PM<br \/>\n            <\/time><\/p>\n<h2 class=\"post-update__headline\">What to expect in Trump&#8217;s tariff announcement<\/h2>\n<div class=\"post-update__bodytext\">\n<p>White House press secretary Karoline Leavitt said this week that the president&#8217;s plan will place reciprocal tariffs on nearly all U.S. trading partners, and that the reciprocal tariffs will go into effect &#8220;immediately.&#8221; \u00a0<\/p>\n<p>The president hasn&#8217;t said what the tariff rates on foreign goods will be, and whether they will be global or affect products from specific countries. Leavitt said Tuesday that Mr. Trump was still finalizing the plan details with his trade team.<\/p>\n<p>The president&#8217;s new tariffs will bring back manufacturing jobs, Leavitt said, as well as &#8220;improve American competitiveness in every area of industry, reduce our massive trade deficits, and ultimately protect our economic and national security.&#8221;<\/p>\n<\/p><\/div>\n<div class=\"post-update__footer\">\n              <span class=\"post-update__author\"><br \/>\n                By Kathryn Watson               <\/span><\/p>\n<div class=\"post-update__share post-update__share--desktop\">\n<ul class=\"sharebar\">\n<li class=\"sharebar__button-container sharebar__button-container--service \">\n<p>            <a href=\"http:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.cbsnews.com%2Flive-updates%2Ftrump-liberation-day-announcement-tariffs%2F%23post-update-241a05d9\" class=\"sharebar__button sharebar__button--type-facebook lazyload\" title=\"facebook\" target=\"_blank\" data-component=\"popups\" rel=\"noopener\"><br \/>\n                <svg viewbox=\"0 0 32 32\" class=\"sharebar__icon sharebar__icon--facebook\" aria-hidden=\"true\">\n        <use xlink:href=\"#icon-social-facebook\"\/>\n      <\/svg><br \/>\n      <\/a><\/p>\n<\/li>\n<li class=\"sharebar__button-container sharebar__button-container--service \">\n<p>            <a href=\"https:\/\/twitter.com\/intent\/tweet?related=cbsnews,CBSNews&amp;via=CBSNews&amp;text=What%20to%20expect%20in%20Trump%27s%20tariff%20announcement&amp;url=https%3A%2F%2Fwww.cbsnews.com%2Flive-updates%2Ftrump-liberation-day-announcement-tariffs%2F%23post-update-241a05d9\" class=\"sharebar__button sharebar__button--type-twitter lazyload\" title=\"twitter\" target=\"_blank\" data-component=\"popups\" rel=\"noopener\"><br \/>\n                <svg viewbox=\"0 0 32 32\" class=\"sharebar__icon sharebar__icon--twitter\" aria-hidden=\"true\">\n        <use xlink:href=\"#icon-social-twitter\"\/>\n      <\/svg><br \/>\n      <\/a><\/p>\n<\/li>\n<li class=\"sharebar__button-container sharebar__button-container--service \">\n<p>            <a href=\"http:\/\/reddit.com\/submit?title=What%20to%20expect%20in%20Trump%27s%20tariff%20announcement&amp;url=https%3A%2F%2Fwww.cbsnews.com%2Flive-updates%2Ftrump-liberation-day-announcement-tariffs%2F%23post-update-241a05d9\" class=\"sharebar__button sharebar__button--type-reddit lazyload\" title=\"reddit\" target=\"_blank\" data-component=\"popups\" rel=\"noopener\"><br \/>\n                <svg viewbox=\"0 0 32 32\" class=\"sharebar__icon sharebar__icon--reddit\" aria-hidden=\"true\">\n        <use xlink:href=\"#icon-social-reddit\"\/>\n      <\/svg><br \/>\n      <\/a><\/p>\n<\/li>\n<li class=\"sharebar__button-container sharebar__button-container--service \">\n            <textarea class=\"sharebar__textarea\">https:\/\/www.cbsnews.com\/live-updates\/trump-liberation-day-announcement-tariffs\/#post-update-241a05d9<\/textarea><\/p>\n<p>            <a href=\"#\" class=\"sharebar__button sharebar__button--type-link lazyload\" data-link-share-options=\"{\" shareurl=\"\" data-component=\"[\" link-share=\"\" title=\"link\"><br \/>\n                  <svg viewbox=\"0 0 32 32\" class=\"sharebar__icon sharebar__icon--link\" aria-hidden=\"true\">\n        <use xlink:href=\"#icon-social-link\"\/>\n      <\/svg><br \/>\n      <\/a><\/p>\n<\/li>\n<\/ul><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div id=\"content__post--eb850203-38fa-41a9-8a11-a1952d803854\">\n            <a name=\"post-update-eb850203\" class=\"post-update__anchor-link\">\u00a0<\/a><\/p>\n<p>            <time class=\"post-update__time-ago\" datetime=\"2025-04-02T15:14:00-0400\"><br \/>\n              3:14 PM<br \/>\n            <\/time><\/p>\n<h2 class=\"post-update__headline\">Stocks edge up as investors await tariff announcement<\/h2>\n<div class=\"post-update__bodytext\">\n<p>Stocks hovered in positive terrain shortly before the close of trading as investors awaited word from President Trump on Wednesday afternoon about new matching tariffs the U.S. is expected to deploy against its trading partners.\u00a0<\/p>\n<p>Financial markets have retreated this year amid mounting concerns that Mr. Trump&#8217;s economic policies could jar spending by American consumers and businesses, hurting economic growth.<\/p>\n<p>The S&amp;P 500 rose a modest 14 points, or 0.2%, to 5,6476, in afternoon trading, while the Dow Jones Industrial Average and tech-heavy Nasdaq Composite climbed 0.2% and 0.5%, respectively.<\/p>\n<p>For investors, according to Wall Street analysts, key questions regarding the levies the U.S. is expected to unveil on Wednesday \u2014 <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/reciprocal-tariffs-trump-countries-2025\/\" data-invalid-url-rewritten-http=\"\">known as &#8220;reciprocal&#8221; tariffs<\/a><\/span> \u2014 include which countries and products will be targeted; what the tariff rates will be; and how long the levies might remain in place.<\/p>\n<\/p><\/div>\n<div class=\"post-update__footer\">\n              <span class=\"post-update__author\"><br \/>\n                By Alain Sherter               <\/span><\/p>\n<div class=\"post-update__share post-update__share--desktop\">\n<ul class=\"sharebar\">\n<li class=\"sharebar__button-container sharebar__button-container--service \">\n<p>            <a href=\"http:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.cbsnews.com%2Flive-updates%2Ftrump-liberation-day-announcement-tariffs%2F%23post-update-eb850203\" class=\"sharebar__button sharebar__button--type-facebook lazyload\" title=\"facebook\" target=\"_blank\" data-component=\"popups\" rel=\"noopener\"><br \/>\n                <svg viewbox=\"0 0 32 32\" class=\"sharebar__icon sharebar__icon--facebook\" aria-hidden=\"true\">\n        <use xlink:href=\"#icon-social-facebook\"\/>\n      <\/svg><br \/>\n      <\/a><\/p>\n<\/li>\n<li class=\"sharebar__button-container sharebar__button-container--service \">\n<p>            <a href=\"https:\/\/twitter.com\/intent\/tweet?related=cbsnews,CBSNews&amp;via=CBSNews&amp;text=Stocks%20edge%20up%20as%20investors%20await%20tariff%20announcement&amp;url=https%3A%2F%2Fwww.cbsnews.com%2Flive-updates%2Ftrump-liberation-day-announcement-tariffs%2F%23post-update-eb850203\" class=\"sharebar__button sharebar__button--type-twitter lazyload\" title=\"twitter\" target=\"_blank\" data-component=\"popups\" rel=\"noopener\"><br \/>\n                <svg viewbox=\"0 0 32 32\" class=\"sharebar__icon sharebar__icon--twitter\" aria-hidden=\"true\">\n        <use xlink:href=\"#icon-social-twitter\"\/>\n      <\/svg><br \/>\n      <\/a><\/p>\n<\/li>\n<li class=\"sharebar__button-container sharebar__button-container--service \">\n<p>            <a href=\"http:\/\/reddit.com\/submit?title=Stocks%20edge%20up%20as%20investors%20await%20tariff%20announcement&amp;url=https%3A%2F%2Fwww.cbsnews.com%2Flive-updates%2Ftrump-liberation-day-announcement-tariffs%2F%23post-update-eb850203\" class=\"sharebar__button sharebar__button--type-reddit lazyload\" title=\"reddit\" target=\"_blank\" data-component=\"popups\" rel=\"noopener\"><br \/>\n                <svg viewbox=\"0 0 32 32\" class=\"sharebar__icon sharebar__icon--reddit\" aria-hidden=\"true\">\n        <use xlink:href=\"#icon-social-reddit\"\/>\n      <\/svg><br \/>\n      <\/a><\/p>\n<\/li>\n<li class=\"sharebar__button-container sharebar__button-container--service \">\n            <textarea class=\"sharebar__textarea\">https:\/\/www.cbsnews.com\/live-updates\/trump-liberation-day-announcement-tariffs\/#post-update-eb850203<\/textarea><\/p>\n<p>            <a href=\"#\" class=\"sharebar__button sharebar__button--type-link lazyload\" data-link-share-options=\"{\" shareurl=\"\" data-component=\"[\" link-share=\"\" title=\"link\"><br \/>\n                  <svg viewbox=\"0 0 32 32\" class=\"sharebar__icon sharebar__icon--link\" aria-hidden=\"true\">\n        <use xlink:href=\"#icon-social-link\"\/>\n      <\/svg><br \/>\n      <\/a><\/p>\n<\/li>\n<\/ul><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div id=\"content__post--daa68c67-57a2-4656-b90e-d46cb557f3c7\">\n            <a name=\"post-update-daa68c67\" class=\"post-update__anchor-link\">\u00a0<\/a><\/p>\n<p>            <time class=\"post-update__time-ago\" datetime=\"2025-04-02T15:00:00-0400\"><br \/>\n              Updated 3:00 PM<br \/>\n            <\/time><\/p>\n<h2 class=\"post-update__headline\">Trump&#8217;s auto tariffs set to go into effect at midnight<\/h2>\n<div class=\"post-update__bodytext\">\n<p>Mr. Trump announced last week that <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/trump-auto-tariffs-consumers-rush-to-buy\/\" data-invalid-url-rewritten-http=\"\">vehicles and auto parts<\/a><\/span> imported into the U.S. will be subject to a 25% tariff rate.<\/p>\n<p>The auto tariffs are expected to go into effect at midnight, just hours after the latest round of tariff announcements by the president Wednesday afternoon.\u00a0<\/p>\n<p>The levies will lead to <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/trump-auto-tariffs-consumers-rush-to-buy\/\" data-invalid-url-rewritten-http=\"\">higher costs<\/a><\/span> for auto manufacturers, and those costs are expected to trickle down to consumers. Some automakers have already announced higher car prices.<\/p>\n<p><em>\u2014By Megan Cerullo, Sarah Lynch Baldwin<\/em><\/p>\n<\/p><\/div>\n<div class=\"post-update__footer\">\n              <span class=\"post-update__author\"><br \/>\n                              <\/span><\/p>\n<div class=\"post-update__share post-update__share--desktop\">\n<ul class=\"sharebar\">\n<li class=\"sharebar__button-container sharebar__button-container--service \">\n<p>            <a href=\"http:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.cbsnews.com%2Flive-updates%2Ftrump-liberation-day-announcement-tariffs%2F%23post-update-daa68c67\" class=\"sharebar__button sharebar__button--type-facebook lazyload\" title=\"facebook\" target=\"_blank\" data-component=\"popups\" rel=\"noopener\"><br \/>\n                <svg viewbox=\"0 0 32 32\" class=\"sharebar__icon sharebar__icon--facebook\" aria-hidden=\"true\">\n        <use xlink:href=\"#icon-social-facebook\"\/>\n      <\/svg><br \/>\n      <\/a><\/p>\n<\/li>\n<li class=\"sharebar__button-container sharebar__button-container--service \">\n<p>            <a href=\"https:\/\/twitter.com\/intent\/tweet?related=cbsnews,CBSNews&amp;via=CBSNews&amp;text=Trump%27s%20auto%20tariffs%20set%20to%20go%20into%20effect%20at%20midnight&amp;url=https%3A%2F%2Fwww.cbsnews.com%2Flive-updates%2Ftrump-liberation-day-announcement-tariffs%2F%23post-update-daa68c67\" class=\"sharebar__button sharebar__button--type-twitter lazyload\" title=\"twitter\" target=\"_blank\" data-component=\"popups\" rel=\"noopener\"><br \/>\n                <svg viewbox=\"0 0 32 32\" class=\"sharebar__icon sharebar__icon--twitter\" aria-hidden=\"true\">\n        <use xlink:href=\"#icon-social-twitter\"\/>\n      <\/svg><br \/>\n      <\/a><\/p>\n<\/li>\n<li class=\"sharebar__button-container sharebar__button-container--service \">\n<p>            <a href=\"http:\/\/reddit.com\/submit?title=Trump%27s%20auto%20tariffs%20set%20to%20go%20into%20effect%20at%20midnight&amp;url=https%3A%2F%2Fwww.cbsnews.com%2Flive-updates%2Ftrump-liberation-day-announcement-tariffs%2F%23post-update-daa68c67\" class=\"sharebar__button sharebar__button--type-reddit lazyload\" title=\"reddit\" target=\"_blank\" data-component=\"popups\" rel=\"noopener\"><br \/>\n                <svg viewbox=\"0 0 32 32\" class=\"sharebar__icon sharebar__icon--reddit\" aria-hidden=\"true\">\n        <use xlink:href=\"#icon-social-reddit\"\/>\n      <\/svg><br \/>\n      <\/a><\/p>\n<\/li>\n<li class=\"sharebar__button-container sharebar__button-container--service \">\n            <textarea class=\"sharebar__textarea\">https:\/\/www.cbsnews.com\/live-updates\/trump-liberation-day-announcement-tariffs\/#post-update-daa68c67<\/textarea><\/p>\n<p>            <a href=\"#\" class=\"sharebar__button sharebar__button--type-link lazyload\" data-link-share-options=\"{\" shareurl=\"\" data-component=\"[\" link-share=\"\" title=\"link\"><br \/>\n                  <svg viewbox=\"0 0 32 32\" class=\"sharebar__icon sharebar__icon--link\" aria-hidden=\"true\">\n        <use xlink:href=\"#icon-social-link\"\/>\n      <\/svg><br \/>\n      <\/a><\/p>\n<\/li>\n<\/ul><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div id=\"content__post--fc6a6764-09bb-41ca-939c-a87f82be9752\">\n            <a name=\"post-update-fc6a6764\" class=\"post-update__anchor-link\">\u00a0<\/a><\/p>\n<p>            <time class=\"post-update__time-ago\" datetime=\"2025-04-02T15:00:00-0400\"><br \/>\n              Updated 3:00 PM<br \/>\n            <\/time><\/p>\n<h2 class=\"post-update__headline\">Which cars could be most impacted by tariffs?<\/h2>\n<div class=\"post-update__bodytext\">\n<p>All car manufacturers will be impacted by the new tariffs, according to analysts, but some will be hit much harder than others.\u00a0<\/p>\n<p>General Motors is expected to be the most exposed to auto tariffs because it makes just 45% of the vehicles it sells to U.S. customers domestically, whereas Ford is expected to be better positioned to weather the tariffs given 80% of its vehicles are manufactured in the U.S. \u00a0<\/p>\n<p>See a breakdown of which cars may be most impacted <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/trump-25-percent-car-tariffs-prices\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">here<\/a><\/span>.<\/p>\n<\/p><\/div>\n<div class=\"post-update__footer\">\n              <span class=\"post-update__author\"><br \/>\n                By Megan Cerullo               <\/span><\/p>\n<div class=\"post-update__share post-update__share--desktop\">\n<ul class=\"sharebar\">\n<li class=\"sharebar__button-container sharebar__button-container--service \">\n<p>            <a href=\"http:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.cbsnews.com%2Flive-updates%2Ftrump-liberation-day-announcement-tariffs%2F%23post-update-fc6a6764\" class=\"sharebar__button sharebar__button--type-facebook lazyload\" title=\"facebook\" target=\"_blank\" data-component=\"popups\" rel=\"noopener\"><br \/>\n                <svg viewbox=\"0 0 32 32\" class=\"sharebar__icon sharebar__icon--facebook\" aria-hidden=\"true\">\n        <use xlink:href=\"#icon-social-facebook\"\/>\n      <\/svg><br \/>\n      <\/a><\/p>\n<\/li>\n<li class=\"sharebar__button-container sharebar__button-container--service \">\n<p>            <a href=\"https:\/\/twitter.com\/intent\/tweet?related=cbsnews,CBSNews&amp;via=CBSNews&amp;text=Which%20cars%20could%20be%20most%20impacted%20by%20tariffs%3F&amp;url=https%3A%2F%2Fwww.cbsnews.com%2Flive-updates%2Ftrump-liberation-day-announcement-tariffs%2F%23post-update-fc6a6764\" class=\"sharebar__button sharebar__button--type-twitter lazyload\" title=\"twitter\" target=\"_blank\" data-component=\"popups\" rel=\"noopener\"><br \/>\n                <svg viewbox=\"0 0 32 32\" class=\"sharebar__icon sharebar__icon--twitter\" aria-hidden=\"true\">\n        <use xlink:href=\"#icon-social-twitter\"\/>\n      <\/svg><br \/>\n      <\/a><\/p>\n<\/li>\n<li class=\"sharebar__button-container sharebar__button-container--service \">\n<p>            <a href=\"http:\/\/reddit.com\/submit?title=Which%20cars%20could%20be%20most%20impacted%20by%20tariffs%3F&amp;url=https%3A%2F%2Fwww.cbsnews.com%2Flive-updates%2Ftrump-liberation-day-announcement-tariffs%2F%23post-update-fc6a6764\" class=\"sharebar__button sharebar__button--type-reddit lazyload\" title=\"reddit\" target=\"_blank\" data-component=\"popups\" rel=\"noopener\"><br \/>\n                <svg viewbox=\"0 0 32 32\" class=\"sharebar__icon sharebar__icon--reddit\" aria-hidden=\"true\">\n        <use xlink:href=\"#icon-social-reddit\"\/>\n      <\/svg><br \/>\n      <\/a><\/p>\n<\/li>\n<li class=\"sharebar__button-container sharebar__button-container--service \">\n            <textarea class=\"sharebar__textarea\">https:\/\/www.cbsnews.com\/live-updates\/trump-liberation-day-announcement-tariffs\/#post-update-fc6a6764<\/textarea><\/p>\n<p>            <a href=\"#\" class=\"sharebar__button sharebar__button--type-link lazyload\" data-link-share-options=\"{\" shareurl=\"\" data-component=\"[\" link-share=\"\" title=\"link\"><br \/>\n                  <svg viewbox=\"0 0 32 32\" class=\"sharebar__icon sharebar__icon--link\" aria-hidden=\"true\">\n        <use xlink:href=\"#icon-social-link\"\/>\n      <\/svg><br \/>\n      <\/a><\/p>\n<\/li>\n<\/ul><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div id=\"content__post--ba155baa-176d-4170-9c67-da407923ad1b\">\n            <a name=\"post-update-ba155baa\" class=\"post-update__anchor-link\">\u00a0<\/a><\/p>\n<p>            <time class=\"post-update__time-ago\" datetime=\"2025-04-02T15:00:00-0400\"><br \/>\n              Updated 3:00 PM<br \/>\n            <\/time><\/p>\n<h2 class=\"post-update__headline\">CBS News Poll: Americans want Trump&#8217;s focus more on prices, not tariffs<\/h2>\n<div class=\"post-update__bodytext\">\n<p>Most Americans say Mr. Trump has focused too much on tariffs \u2014 which they believe will end up raising prices \u2014 and not enough on lowering prices, our <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/opinion-poll-trump-economy-tariffs-deportation-immigration\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">latest CBS News poll found<\/a><\/span>.\u00a0<\/p>\n<figure class=\"embed embed--type-image is-image embed--float-none embed--size-medium\" data-ads=\"{\" extrawordcount=\"\">\n<p>      <span class=\"img embed__content\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2025\/03\/29\/3503b9cb-90c9-492e-af9e-e83902ade162\/thumbnail\/1240x698\/468971111b6d4339f5ba387c6d8be42d\/trump-focus-prices-and-tarif.png?v=7613930c2bdb7d1bf55be910a9b022f2#\" alt=\"trump-focus-prices-and-tarif.png \" height=\"698\" width=\"1240\" loading=\"lazy\"\/><\/span><figcaption class=\"embed__caption-container\">\n<p>                  <span class=\"embed__caption\"\/><\/p>\n<p>                  <span class=\"embed__credit\"><\/p>\n<p>                CBS News<\/p>\n<p>                          <\/span><br \/>\n              <\/figcaption><\/figure>\n<p><em>\u2014By Anthony Salvanto, Jennifer De Pinto, Kabir Khanna, Fred Backus<\/em><\/p>\n<\/p><\/div>\n<div class=\"post-update__footer\">\n              <span class=\"post-update__author\"><br \/>\n                              <\/span><\/p>\n<div class=\"post-update__share post-update__share--desktop\">\n<ul class=\"sharebar\">\n<li class=\"sharebar__button-container sharebar__button-container--service \">\n<p>            <a href=\"http:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.cbsnews.com%2Flive-updates%2Ftrump-liberation-day-announcement-tariffs%2F%23post-update-ba155baa\" class=\"sharebar__button sharebar__button--type-facebook lazyload\" title=\"facebook\" target=\"_blank\" data-component=\"popups\" rel=\"noopener\"><br \/>\n                <svg viewbox=\"0 0 32 32\" class=\"sharebar__icon sharebar__icon--facebook\" aria-hidden=\"true\">\n        <use xlink:href=\"#icon-social-facebook\"\/>\n      <\/svg><br \/>\n      <\/a><\/p>\n<\/li>\n<li class=\"sharebar__button-container sharebar__button-container--service \">\n<p>            <a href=\"https:\/\/twitter.com\/intent\/tweet?related=cbsnews,CBSNews&amp;via=CBSNews&amp;text=CBS%20News%20Poll%3A%20Americans%20want%20Trump%27s%20focus%20more%20on%20prices%2C%20not%20tariffs&amp;url=https%3A%2F%2Fwww.cbsnews.com%2Flive-updates%2Ftrump-liberation-day-announcement-tariffs%2F%23post-update-ba155baa\" class=\"sharebar__button sharebar__button--type-twitter lazyload\" title=\"twitter\" target=\"_blank\" data-component=\"popups\" rel=\"noopener\"><br \/>\n                <svg viewbox=\"0 0 32 32\" class=\"sharebar__icon sharebar__icon--twitter\" aria-hidden=\"true\">\n        <use xlink:href=\"#icon-social-twitter\"\/>\n      <\/svg><br \/>\n      <\/a><\/p>\n<\/li>\n<li class=\"sharebar__button-container sharebar__button-container--service \">\n<p>            <a href=\"http:\/\/reddit.com\/submit?title=CBS%20News%20Poll%3A%20Americans%20want%20Trump%27s%20focus%20more%20on%20prices%2C%20not%20tariffs&amp;url=https%3A%2F%2Fwww.cbsnews.com%2Flive-updates%2Ftrump-liberation-day-announcement-tariffs%2F%23post-update-ba155baa\" class=\"sharebar__button sharebar__button--type-reddit lazyload\" title=\"reddit\" target=\"_blank\" data-component=\"popups\" rel=\"noopener\"><br \/>\n                <svg viewbox=\"0 0 32 32\" class=\"sharebar__icon sharebar__icon--reddit\" aria-hidden=\"true\">\n        <use xlink:href=\"#icon-social-reddit\"\/>\n      <\/svg><br \/>\n      <\/a><\/p>\n<\/li>\n<li class=\"sharebar__button-container sharebar__button-container--service \">\n            <textarea class=\"sharebar__textarea\">https:\/\/www.cbsnews.com\/live-updates\/trump-liberation-day-announcement-tariffs\/#post-update-ba155baa<\/textarea><\/p>\n<p>            <a href=\"#\" class=\"sharebar__button sharebar__button--type-link lazyload\" data-link-share-options=\"{\" shareurl=\"\" data-component=\"[\" link-share=\"\" title=\"link\"><br \/>\n                  <svg viewbox=\"0 0 32 32\" class=\"sharebar__icon sharebar__icon--link\" aria-hidden=\"true\">\n        <use xlink:href=\"#icon-social-link\"\/>\n      <\/svg><br \/>\n      <\/a><\/p>\n<\/li>\n<\/ul><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div id=\"content__post--1c0048de-deca-45c1-87a2-3fb6a281f444\">\n            <a name=\"post-update-1c0048de\" class=\"post-update__anchor-link\">\u00a0<\/a><\/p>\n<p>            <time class=\"post-update__time-ago\" datetime=\"2025-04-02T15:00:00-0400\"><br \/>\n              Updated 3:00 PM<br \/>\n            <\/time><\/p>\n<h2 class=\"post-update__headline\">S&amp;P 500 marked worst quarter since 2022 amid tariff concerns<\/h2>\n<div class=\"post-update__bodytext\">\n<p>During the first three months of 2025, the S&amp;P 500 lost 4.6%, marking the worst quarter in two-and-a-half years. The tech-heavy Nasdaq composite ended the first three months of the year with a 10.4% decline, while the Dow Jones Industrial Average shed 2.2% over the same period.\u00a0<\/p>\n<p>Investors are anxious over a potentially toxic mix of worsening inflation and a slowing U.S. economy because households are afraid to spend due to a deepening trade war escalated by Mr. Trump.<\/p>\n<p><span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/dow-jones-sp500-stocks-down-today-trump-tariffs-liberation-day\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">Read more here<\/a><\/span>.<\/p>\n<\/p><\/div>\n<div class=\"post-update__footer\">\n              <span class=\"post-update__author\"><br \/>\n                By Aimee Picchi               <\/span><\/p>\n<div class=\"post-update__share post-update__share--desktop\">\n<ul class=\"sharebar\">\n<li class=\"sharebar__button-container sharebar__button-container--service \">\n<p>            <a href=\"http:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.cbsnews.com%2Flive-updates%2Ftrump-liberation-day-announcement-tariffs%2F%23post-update-1c0048de\" class=\"sharebar__button sharebar__button--type-facebook lazyload\" title=\"facebook\" target=\"_blank\" data-component=\"popups\" rel=\"noopener\"><br \/>\n                <svg viewbox=\"0 0 32 32\" class=\"sharebar__icon sharebar__icon--facebook\" aria-hidden=\"true\">\n        <use xlink:href=\"#icon-social-facebook\"\/>\n      <\/svg><br \/>\n      <\/a><\/p>\n<\/li>\n<li class=\"sharebar__button-container sharebar__button-container--service \">\n<p>            <a href=\"https:\/\/twitter.com\/intent\/tweet?related=cbsnews,CBSNews&amp;via=CBSNews&amp;text=S%26P%20500%20marked%20worst%20quarter%20since%202022%20amid%20tariff%20concerns&amp;url=https%3A%2F%2Fwww.cbsnews.com%2Flive-updates%2Ftrump-liberation-day-announcement-tariffs%2F%23post-update-1c0048de\" class=\"sharebar__button sharebar__button--type-twitter lazyload\" title=\"twitter\" target=\"_blank\" data-component=\"popups\" rel=\"noopener\"><br \/>\n                <svg viewbox=\"0 0 32 32\" class=\"sharebar__icon sharebar__icon--twitter\" aria-hidden=\"true\">\n        <use xlink:href=\"#icon-social-twitter\"\/>\n      <\/svg><br \/>\n      <\/a><\/p>\n<\/li>\n<li class=\"sharebar__button-container sharebar__button-container--service \">\n<p>            <a href=\"http:\/\/reddit.com\/submit?title=S%26P%20500%20marked%20worst%20quarter%20since%202022%20amid%20tariff%20concerns&amp;url=https%3A%2F%2Fwww.cbsnews.com%2Flive-updates%2Ftrump-liberation-day-announcement-tariffs%2F%23post-update-1c0048de\" class=\"sharebar__button sharebar__button--type-reddit lazyload\" title=\"reddit\" target=\"_blank\" data-component=\"popups\" rel=\"noopener\"><br \/>\n                <svg viewbox=\"0 0 32 32\" class=\"sharebar__icon sharebar__icon--reddit\" aria-hidden=\"true\">\n        <use xlink:href=\"#icon-social-reddit\"\/>\n      <\/svg><br \/>\n      <\/a><\/p>\n<\/li>\n<li class=\"sharebar__button-container sharebar__button-container--service \">\n            <textarea class=\"sharebar__textarea\">https:\/\/www.cbsnews.com\/live-updates\/trump-liberation-day-announcement-tariffs\/#post-update-1c0048de<\/textarea><\/p>\n<p>            <a href=\"#\" class=\"sharebar__button sharebar__button--type-link lazyload\" data-link-share-options=\"{\" shareurl=\"\" data-component=\"[\" link-share=\"\" title=\"link\"><br \/>\n                  <svg viewbox=\"0 0 32 32\" class=\"sharebar__icon sharebar__icon--link\" aria-hidden=\"true\">\n        <use xlink:href=\"#icon-social-link\"\/>\n      <\/svg><br \/>\n      <\/a><\/p>\n<\/li>\n<\/ul><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div id=\"content__post--e2662c68-1d46-4157-9483-2173e8517c3d\">\n            <a name=\"post-update-e2662c68\" class=\"post-update__anchor-link\">\u00a0<\/a><\/p>\n<p>            <time class=\"post-update__time-ago\" datetime=\"2025-04-02T15:00:00-0400\"><br \/>\n              Updated 3:00 PM<br \/>\n            <\/time><\/p>\n<h2 class=\"post-update__headline\">UAW president: &#8220;Tariffs are a tool in the toolbox&#8221; to help auto workers<\/h2>\n<div class=\"post-update__bodytext\">\n<p>The president of the United Auto Workers Union has praised Mr. Trump&#8217;s move to <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/trump-auto-tariffs-gm-ford-stellantis-car-prices\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">impose tariffs<\/a><\/span> on vehicles and auto parts imported into the U.S., while also noting that &#8220;tariffs aren&#8217;t the total solution.&#8221;<\/p>\n<p>&#8220;Tariffs are a tool in the toolbox to get these companies to do the right thing, and the intent behind it is to bring jobs back here, and, you know, invest in the American workers,&#8221; <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/uaw-president-shawn-fain-tariffs-auto-works-donald-trump\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">Shawn Fain told CBS News<\/a><\/span> chief Washington correspondent Major Garrett in an interview that aired on &#8220;Face the Nation with Margaret Brennan&#8221; on Sunday.<\/p>\n<p><span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/uaw-president-shawn-fain-tariffs-auto-works-donald-trump\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">Read more here<\/a><\/span>.<\/p>\n<\/p><\/div>\n<div class=\"post-update__footer\">\n              <span class=\"post-update__author\"><br \/>\n                By Kaia Hubbard               <\/span><\/p>\n<div class=\"post-update__share post-update__share--desktop\">\n<ul class=\"sharebar\">\n<li class=\"sharebar__button-container sharebar__button-container--service \">\n<p>            <a href=\"http:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.cbsnews.com%2Flive-updates%2Ftrump-liberation-day-announcement-tariffs%2F%23post-update-e2662c68\" class=\"sharebar__button sharebar__button--type-facebook lazyload\" title=\"facebook\" target=\"_blank\" data-component=\"popups\" rel=\"noopener\"><br \/>\n                <svg viewbox=\"0 0 32 32\" class=\"sharebar__icon sharebar__icon--facebook\" aria-hidden=\"true\">\n        <use xlink:href=\"#icon-social-facebook\"\/>\n      <\/svg><br \/>\n      <\/a><\/p>\n<\/li>\n<li class=\"sharebar__button-container sharebar__button-container--service \">\n<p>            <a href=\"https:\/\/twitter.com\/intent\/tweet?related=cbsnews,CBSNews&amp;via=CBSNews&amp;text=UAW%20president%3A%20%22Tariffs%20are%20a%20tool%20in%20the%20toolbox%22%20to%20help%20auto%20workers&amp;url=https%3A%2F%2Fwww.cbsnews.com%2Flive-updates%2Ftrump-liberation-day-announcement-tariffs%2F%23post-update-e2662c68\" class=\"sharebar__button sharebar__button--type-twitter lazyload\" title=\"twitter\" target=\"_blank\" data-component=\"popups\" rel=\"noopener\"><br \/>\n                <svg viewbox=\"0 0 32 32\" class=\"sharebar__icon sharebar__icon--twitter\" aria-hidden=\"true\">\n        <use xlink:href=\"#icon-social-twitter\"\/>\n      <\/svg><br \/>\n      <\/a><\/p>\n<\/li>\n<li class=\"sharebar__button-container sharebar__button-container--service \">\n<p>            <a href=\"http:\/\/reddit.com\/submit?title=UAW%20president%3A%20%22Tariffs%20are%20a%20tool%20in%20the%20toolbox%22%20to%20help%20auto%20workers&amp;url=https%3A%2F%2Fwww.cbsnews.com%2Flive-updates%2Ftrump-liberation-day-announcement-tariffs%2F%23post-update-e2662c68\" class=\"sharebar__button sharebar__button--type-reddit lazyload\" title=\"reddit\" target=\"_blank\" data-component=\"popups\" rel=\"noopener\"><br \/>\n                <svg viewbox=\"0 0 32 32\" class=\"sharebar__icon sharebar__icon--reddit\" aria-hidden=\"true\">\n        <use xlink:href=\"#icon-social-reddit\"\/>\n      <\/svg><br \/>\n      <\/a><\/p>\n<\/li>\n<li class=\"sharebar__button-container sharebar__button-container--service \">\n            <textarea class=\"sharebar__textarea\">https:\/\/www.cbsnews.com\/live-updates\/trump-liberation-day-announcement-tariffs\/#post-update-e2662c68<\/textarea><\/p>\n<p>            <a href=\"#\" class=\"sharebar__button sharebar__button--type-link lazyload\" data-link-share-options=\"{\" shareurl=\"\" data-component=\"[\" link-share=\"\" title=\"link\"><br \/>\n                  <svg viewbox=\"0 0 32 32\" class=\"sharebar__icon sharebar__icon--link\" aria-hidden=\"true\">\n        <use xlink:href=\"#icon-social-link\"\/>\n      <\/svg><br \/>\n      <\/a><\/p>\n<\/li>\n<\/ul><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div id=\"content__post--0d671c5c-10d4-435f-b8d2-f09a41bf5a87\">\n            <a name=\"post-update-0d671c5c\" class=\"post-update__anchor-link\">\u00a0<\/a><\/p>\n<p>            <time class=\"post-update__time-ago\" datetime=\"2025-04-02T15:00:00-0400\"><br \/>\n              Updated 3:00 PM<br \/>\n            <\/time><\/p>\n<h2 class=\"post-update__headline\">Why tariffs could drive up home prices<\/h2>\n<div class=\"post-update__bodytext\">\n<p>Economists warn that the Trump administration&#8217;s fusillade of tariffs on everything from <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/trump-auto-tariffs-gm-ford-stellantis-car-prices\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">foreign cars<\/a><\/span> and Chinese-made goods to <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/trump-tariffs-price-tracker\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">groceries<\/a><\/span> could raise prices for Americans just as inflation is returning to normal.\u00a0<\/p>\n<p>Another widely used product that experts say could see higher costs: housing. The National Association of Home Builders recently estimated that U.S. tariffs on steel, aluminum and lumber imports could add <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/trump-tariffs-home-costs-canada-mexico-homebuilders\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">more than $9,000<\/a><\/span> to the price of a typical home, while also driving up renovation costs.\u00a0<\/p>\n<p>Homebuilders also face headwinds from the White House&#8217;s crackdown on immigrants, which could lead to a shortage of labor in the construction sector.<\/p>\n<p>&#8220;Trade protectionism will increase prices on key material construction inputs,&#8221; Fitch Ratings said in an April 1 report. &#8220;Foreign born, non-citizen workers represent an overwhelming share of key specialty construction occupations, and immigration restrictions are likely to raise labor costs.&#8221;<\/p>\n<\/p><\/div>\n<div class=\"post-update__footer\">\n              <span class=\"post-update__author\"><br \/>\n                By Alain Sherter               <\/span><\/p>\n<div class=\"post-update__share post-update__share--desktop\">\n<ul class=\"sharebar\">\n<li class=\"sharebar__button-container sharebar__button-container--service \">\n<p>            <a href=\"http:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.cbsnews.com%2Flive-updates%2Ftrump-liberation-day-announcement-tariffs%2F%23post-update-0d671c5c\" class=\"sharebar__button sharebar__button--type-facebook lazyload\" title=\"facebook\" target=\"_blank\" data-component=\"popups\" rel=\"noopener\"><br \/>\n                <svg viewbox=\"0 0 32 32\" class=\"sharebar__icon sharebar__icon--facebook\" aria-hidden=\"true\">\n        <use xlink:href=\"#icon-social-facebook\"\/>\n      <\/svg><br \/>\n      <\/a><\/p>\n<\/li>\n<li class=\"sharebar__button-container sharebar__button-container--service \">\n<p>            <a href=\"https:\/\/twitter.com\/intent\/tweet?related=cbsnews,CBSNews&amp;via=CBSNews&amp;text=Why%20tariffs%20could%20drive%20up%20home%20prices&amp;url=https%3A%2F%2Fwww.cbsnews.com%2Flive-updates%2Ftrump-liberation-day-announcement-tariffs%2F%23post-update-0d671c5c\" class=\"sharebar__button sharebar__button--type-twitter lazyload\" title=\"twitter\" target=\"_blank\" data-component=\"popups\" rel=\"noopener\"><br \/>\n                <svg viewbox=\"0 0 32 32\" class=\"sharebar__icon sharebar__icon--twitter\" aria-hidden=\"true\">\n        <use xlink:href=\"#icon-social-twitter\"\/>\n      <\/svg><br \/>\n      <\/a><\/p>\n<\/li>\n<li class=\"sharebar__button-container sharebar__button-container--service \">\n<p>            <a href=\"http:\/\/reddit.com\/submit?title=Why%20tariffs%20could%20drive%20up%20home%20prices&amp;url=https%3A%2F%2Fwww.cbsnews.com%2Flive-updates%2Ftrump-liberation-day-announcement-tariffs%2F%23post-update-0d671c5c\" class=\"sharebar__button sharebar__button--type-reddit lazyload\" title=\"reddit\" target=\"_blank\" data-component=\"popups\" rel=\"noopener\"><br \/>\n                <svg viewbox=\"0 0 32 32\" class=\"sharebar__icon sharebar__icon--reddit\" aria-hidden=\"true\">\n        <use xlink:href=\"#icon-social-reddit\"\/>\n      <\/svg><br \/>\n      <\/a><\/p>\n<\/li>\n<li class=\"sharebar__button-container sharebar__button-container--service \">\n            <textarea class=\"sharebar__textarea\">https:\/\/www.cbsnews.com\/live-updates\/trump-liberation-day-announcement-tariffs\/#post-update-0d671c5c<\/textarea><\/p>\n<p>            <a href=\"#\" class=\"sharebar__button sharebar__button--type-link lazyload\" data-link-share-options=\"{\" shareurl=\"\" data-component=\"[\" link-share=\"\" title=\"link\"><br \/>\n                  <svg viewbox=\"0 0 32 32\" class=\"sharebar__icon sharebar__icon--link\" aria-hidden=\"true\">\n        <use xlink:href=\"#icon-social-link\"\/>\n      <\/svg><br \/>\n      <\/a><\/p>\n<\/li>\n<\/ul><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div id=\"content__post--ab232355-5a78-448b-861d-9d0c26c4b54d\">\n            <a name=\"post-update-ab232355\" class=\"post-update__anchor-link\">\u00a0<\/a><\/p>\n<p>            <time class=\"post-update__time-ago\" datetime=\"2025-04-02T15:00:00-0400\"><br \/>\n              Updated 3:00 PM<br \/>\n            <\/time><\/p>\n<h2 class=\"post-update__headline\">Trump says his tariffs could bring in trillions in revenue. Economists disagree.<\/h2>\n<div class=\"post-update__bodytext\">\n<p>President Trump has argued that his tariffs could help the government raise over $1 trillion in the next year or so, helping to reduce the national debt and even potentially offset some income taxes.\u00a0<\/p>\n<p>But economists are skeptical that these tariffs can bring in as much as Mr. Trump claims, as consumers will likely reduce their spending on foreign goods when prices go up.\u00a0<\/p>\n<p>The president&#8217;s trillion-dollar estimates are significantly higher than those provided by think tanks and even some of his own officials.<\/p>\n<p><span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/factcheck-trump-tariffs-revenue\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">Read more here<\/a><\/span>.<\/p>\n<\/p><\/div>\n<div class=\"post-update__footer\">\n              <span class=\"post-update__author\"><br \/>\n                By Laura Doan               <\/span><\/p>\n<div class=\"post-update__share post-update__share--desktop\">\n<ul class=\"sharebar\">\n<li class=\"sharebar__button-container sharebar__button-container--service \">\n<p>            <a href=\"http:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.cbsnews.com%2Flive-updates%2Ftrump-liberation-day-announcement-tariffs%2F%23post-update-ab232355\" class=\"sharebar__button sharebar__button--type-facebook lazyload\" title=\"facebook\" target=\"_blank\" data-component=\"popups\" rel=\"noopener\"><br \/>\n                <svg viewbox=\"0 0 32 32\" class=\"sharebar__icon sharebar__icon--facebook\" aria-hidden=\"true\">\n        <use xlink:href=\"#icon-social-facebook\"\/>\n      <\/svg><br \/>\n      <\/a><\/p>\n<\/li>\n<li class=\"sharebar__button-container sharebar__button-container--service \">\n<p>            <a 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href=\"http:\/\/reddit.com\/submit?title=Trump%20says%20his%20tariffs%20could%20bring%20in%20trillions%20in%20revenue.%20Economists%20disagree.&amp;url=https%3A%2F%2Fwww.cbsnews.com%2Flive-updates%2Ftrump-liberation-day-announcement-tariffs%2F%23post-update-ab232355\" class=\"sharebar__button sharebar__button--type-reddit lazyload\" title=\"reddit\" target=\"_blank\" data-component=\"popups\" rel=\"noopener\"><br \/>\n                <svg viewbox=\"0 0 32 32\" class=\"sharebar__icon sharebar__icon--reddit\" aria-hidden=\"true\">\n        <use xlink:href=\"#icon-social-reddit\"\/>\n      <\/svg><br \/>\n      <\/a><\/p>\n<\/li>\n<li class=\"sharebar__button-container sharebar__button-container--service \">\n            <textarea class=\"sharebar__textarea\">https:\/\/www.cbsnews.com\/live-updates\/trump-liberation-day-announcement-tariffs\/#post-update-ab232355<\/textarea><\/p>\n<p>            <a href=\"#\" class=\"sharebar__button sharebar__button--type-link lazyload\" 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\/><a href=\"https:\/\/www.cbsnews.com\/live-updates\/trump-liberation-day-announcement-tariffs\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0 5m ago European leaders react to tariffs Several European leaders reacted negatively to President Trump&#8217;s tariff announcement.\u00a0 Italian Prime<\/p>\n","protected":false},"author":1,"featured_media":16904,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[157,799,386],"class_list":["post-16903","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-politics","tag-donald-trump","tag-tariffs","tag-trump-administration"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Trump tariffs live updates on &quot;Liberation Day&quot; after announcement of baseline 10% reciprocal tariffs - World News<\/title>\n<meta name=\"description\" content=\"President Trump announced new reciprocal tariffs on Wednesday, which he dubbed &amp;quot;Liberation Day.&amp;quot;\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/site.itshrt.com\/worldnews\/trump-tariffs-live-updates-on-liberation-day-after-announcement-of-baseline-10-reciprocal-tariffs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trump tariffs live updates on &quot;Liberation Day&quot; after announcement of baseline 10% reciprocal tariffs - World News\" \/>\n<meta property=\"og:description\" content=\"President Trump announced new reciprocal tariffs on Wednesday, which he dubbed &amp;quot;Liberation Day.&amp;quot;\" \/>\n<meta property=\"og:url\" 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