President Trump's "Liberation Day" Ushers in Uncertainty

For months, businesses and nations worldwide have been left guessing about President Donald Trump’s plans for tariffs, centered around his concept of “reciprocal tariffs.” Finally, on April 2, Trump pledged to shed light on at least some of these pressing questions. However, businesses that have been eager for definitive answers since Trump’s victory in November shouldn’t expect relief just yet. Instead, this day is likely to spark a fresh set of challenges, as nations may retaliate against new tariffs with their own countermeasures targeting American products. This could mark the beginning of a fresh round of negotiations, potentially heightening the already tense trade conflict.