Donald Trump has declared that April 2 will be “Liberation Day” for America, a date he plans to introduce “reciprocal tariffs” to reset global trade. In a post on Truth Social, Trump claimed that the U.S. has been “ripped off and abused” by other nations for decades and expressed optimism that his new trade policies would help the U.S. regain some of its “money and respect.”
He wrote, “April 2nd is Liberation Day in America!!! For DECADES we have been ripped off and abused by every nation in the World, both friend and foe. Now it is finally time for the Good Ol’ USA to get some of that MONEY, and RESPECT, BACK. GOD BLESS AMERICA!!!”
However, economists have raised concerns that these tariffs could potentially lead to a recession, both in the U.S. and globally. The introduction of these tariffs has already prompted retaliatory actions from affected countries, heightening fears of an economic downturn.