Trump's Promised "Liberation Day" Of Tariffs Is Coming. Here's What It Could Mean For You

[Twin Tiers Living 573]

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WASHINGTON (AP) — President Donald Trump says Wednesday will be “Liberation Day” — a moment when he plans to roll out a set of tariffs that he promises will free the United States from foreign goods.

The details of Trump’s next round of import taxes are still sketchy. Most economic analyses say average U.S. families would have to absorb the cost of his tariffs in the form of higher prices and lower incomes. But an undeterred Trump is inviting CEOs to the White House to say they are investing hundreds of billions of dollars in new projects to avoid the import taxes.

It is also possible that the tariffs are short-lived if Trump feels he can cut a deal after imposing them.

“I’m certainly open to it, if we can do something,” Trump told reporters. “We’ll get something for it.”

At stake are family budgets, America’s prominence as the world’s leading financial power and the structure of the global economy.

Here’s what you should know about the impending trade penalties:

What exactly does Trump plan to do?

He wants to announce import taxes, including “reciprocal” tariffs that would match the rates charged by other countries and account for other subsidies. Trump has talked about taxing the European Union, South Korea, Brazil and India, among other countries.

As he announced 25% auto tariffs last week, he alleged that America has been ripped off because it imports more goods than it exports.

 

Read the rest here.

 

 

[Twin Tiers Living 573]

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NEW YORK (AP) — U.S. stocks are falling Wednesday in the final hours before President Donald Trump unveils the tariffs he promised as part of his “ Liberation Day ” that could drastically remake the global economy and trade.

The S&P 500 was 0.7% lower in early trading, but it’s had a pattern this week of opening with sharp losses only to finish the day higher. The Dow Jones Industrial Average was down 240 points, or 0.6%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was 0.9% lower.

 

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[Chris 3,699]

9:43 AM

[Adam 601]

cannot help but think someone is making out quite well on the tariff rollercoaster guess we will see if he reverses course in coming days

 

[Chris 3,699]

These two headlines are as chaotic as this administration:

 

“Very well” indeed…

[Chris 3,699]

[Twin Tiers Living 573]

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BEIJING - China has hit back at new U.S. tariffs with sweeping levies of its own on American products, sharply escalating the trade war between the world's two biggest economies.

China's finance ministry said on Friday a 34% tariff will be imposed on all U.S. imports from April 10, mirroring President Trump's levy on Chinese goods that was announced as part of his global tariff blitz on Wednesday.

"China urges the United States to immediately lift its unilateral tariff measures and resolve its trade differences through consultations in an equal, respectful and mutually beneficial manner," the ministry said in a statement.

The research firm Capital Economics said the Chinese retaliation did not bode well for prospects of finding a resolution.

"This is an aggressive, escalatory response that makes a near-term deal to end the trade war between the two superpowers highly unlikely," its analysts wrote in a note.

 

Read the rest here.

[Andy 117]

[Twin Tiers Living 573]

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“If these tariffs are allowed to persist, ultimately it’s going to make its way to the consumer,” said Steve Lamar, president and CEO of the American Apparel & Footwear Association.

Another trade group, Footwear Distributors and Retailers of America, provided estimates of the price increases that could be in store for shoes, noting 99% of the pairs sold in the U.S. are imports. Work boots made in China that now retail for $77 would go up to $115, while customers would pay $220 for running shoes made in Vietnam currently priced at $155, the group said. 

FDRA President Matt Priest predicted lower-income families and the places they shop would feel the impact most. He said a pair of Chinese-made children’s shoes that cost $26 today will likely carry a $41 price tag by the back-to-school shopping season, according to his group’s calculations.

 

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[MsKreed 1,715]

On 4/3/2025 at 8:41 PM, Adam said:

cannot help but think someone is making out quite well on the tariff rollercoaster guess we will see if he reverses course in coming days

Anyone who's prone to gambling and follows the "buy in the dip" rule will probably see gain on the right stocks as markets re-balance. 

I don't think there's any reason (yet) to assume a correction won't happen. The markets are dynamic and resilient. Patience is a virtue.

My personal investments dropped, but one of my larger holdings had already been trending down and unable to recover from the previous dips in 2022 and 2023.  

 

[Chris 3,699]

Dow futures are down over a thousand points already.

Some reports say over 1,500 but I only saw 1,100.

[Adam 601]

13 hours ago, MsKreed said:

Anyone who's prone to gambling and follows the "buy in the dip" rule will probably see gain on the right stocks as markets re-balance. 

I don't think there's any reason (yet) to assume a correction won't happen. The markets are dynamic and resilient. Patience is a virtue.

My personal investments dropped, but one of my larger holdings had already been trending down and unable to recover from the previous dips in 2022 and 2023.  

 

normally with my investment, i dont sweat the drops as they are great times to buy in cheap, in this instance though, i cannot help but think the tariffs are a way of manipulating the markets to suit a select few rather than the "organic" ups and downs

[Twin Tiers Living 573]

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Trump's steep tariffs had been in effect for only about 12 hours on Wednesday when he said he would suspend them for the next 90 days. The announcement was made during Wall Street trading hours, and sent U.S. stocks surging.

The U.S. president posted on Truth Social early Thursday "What a day, but more great days coming!!!"

Prior to that U-turn, the policies had caused significant upheaval and wiped trillions of dollars of value from global stock markets. The actions of the White House had also seen U.S. government bond yields soar – concerning investors and economists alike.

"I thought that people were jumping a little bit out of line, they were getting yippy, you know," Trump said during public remarks in the Oval Office, using a word for jitteriness that is more typically applied to golfers.

 

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[Twin Tiers Living 573]

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U.S. stocks are giving back some of their historic gains from the day beforeas Wall Street weighs a global trade war that has cooled in temperature but is still threatening the economy.

The S&P 500 was down 2.3% early Thursday, a day after surging 9.5% following President Donald Trump’s decision to pause many of his tariffs worldwide. The Dow Jones Industrial Average was down 685 points, and the Nasdaq composite was down 2.9%.

 

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[Chris 3,699]

[Chris 3,699]

What a way to manipulate the markets and make a quick buck for you and your cronies. 

[Adam 601]

7 hours ago, Chris said:

What a way to manipulate the markets and make a quick buck for you and your cronies. 

kind of hard to dispute that, given hes done this multiple times: slam the tariffs, wait a bit for market to drop then pause them 90 days and BINGO, market goes back up...worse, this time around he puts out "THIS IS A GREAT TIME TO BUY!!! DJT,” 7 minutes after opening bell but im guessing he and select few of his ilk had  ample time to put in their orders....

thing is, im not completely against applying tariffs appropriately: yes canada has high tariffs on american goods, but only AFTER certain quotas are met. before that most goods are low tariff or even duty free, its a way to help protect their domestic industries. and in cases of countries such as china, where much of their industry is subsidized, theres no way to compete; along with their penchant for sweatshop labor, almost ZERO regard for environmental damage, as well as continuous IP theft, they should be held accountable....DJT seems to not know difference between scalpel and chainsaw unfortunately as Tariffs were a way for US to raise revenue before some assht had the idea of taxing our incomes...we wouldnt feel the pinch so bad if he/congress would repeal Fed income tax BEFORE engaging in this tariff business, that is IF it were actaully about the Nation and Not market manipulation

[Twin Tiers Living 573]

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NEW YORK (AP) — As stocks tanked on tariff fears, Marjorie Talylor Greene showed her faith in the president not just with words but dollar bills.

The Republican congresswoman, an avid supporter of the Trump administration’s trade policies, not only bought stocks last week as others dumped them in a panic — she scooped up some of the biggest losers.

Lululemon, Dell Computer, Amazon, the parent of Restoration Hardware and a few others hit hard by Trump’s tariff threats were down 40% on average late last week when she pounced.

 

Read more here. 

[Twin Tiers Living 573]

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US-China tensions: China has upped its retaliatory tariffs on US imports to 125%, escalating the trade war between the world’s two biggest economic powers, which has tanked international markets and fueled fears of a global recession. Chinese leader Xi Jinping struck a defiant tone in his first public comments on the trade war, saying his nation was “not afraid.”

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[Beekeeper 117]

I think it's time to try the no-buy movement.  Since I hate to shop, this will be easy for me.

[Adam 601]

On 4/11/2025 at 10:30 AM, Twin Tiers Living said:

Read more here. 

Had to expand her portfolio beyond TSNTZ.....

but seriously, easy gesture to make when you know the fix is in, and when the upswing will happen

Edited April 12 by Adam

[MsKreed 1,715]

On 4/12/2025 at 4:51 PM, Beekeeper said:

I think it's time to try the no-buy movement.  Since I hate to shop, this will be easy for me.

I've been trying to be more aware and back into the habit of skipping unnecessary purchases.  That used to be normal behavior just a few decades ago when my kids were little. 

And while cost was sometimes a factor, it was much more a question of wasteful purchases of pointless junk that would soon be replaced or disposed of....or simply not used and taking up space. 

 

On 4/10/2025 at 7:52 PM, Adam said:

thing is, im not completely against applying tariffs appropriately: yes canada has high tariffs on american goods, but only AFTER certain quotas are met. before that most goods are low tariff or even duty free, its a way to help protect their domestic industries. and in cases of countries such as china, where much of their industry is subsidized, theres no way to compete; along with their penchant for sweatshop labor, almost ZERO regard for environmental damage, as well as continuous IP theft, they should be held accountable

Yeah....for years there have been numerous reasons to curb trade and decrease our dependence on Chinese consumerism and crappy products. 

Trump’s primary complaint is the trade imbalance, but for decades the leaders of the entire western world acknowledged China’s harm for world safety and security, humanitarian practices and environmental devastation. And they’ve let all that go unchecked because they realized that tackling it head-on would cause economic instability.