Trump to announce new tariffs on April 2

President Donald Trump is set to announce significant new tariffs on April 2, which he calls "Liberation Day." This move is part of his "America First" economic policy, aimed at reducing the U.S. trade deficit with other countries. Since returning to the White House, Trump has already imposed tariffs on imports from Canada, Mexico, China, and more. These new tariffs will be reciprocal, meaning they will match the rates charged by other countries on U.S. exports, particularly targeting those that contribute significantly to the trade deficit. The administration has identified a group of 15 countries, referred to as the "Dirty 15," which are most affected by these tariffs. While specifics about these countries have not been released, they include China, the EU, and Mexico. Trump's goal is to encourage companies to produce goods in the U.S. to avoid these fees. The stock market reacted negatively ahead of the tariffs, dropping over 700 points, as investors worry about inflation and economic slowdown. Economists express concern that widespread tariffs could further harm the economy and lead to higher prices for consumers. Other countries, including Canada and China, have already started to respond with their own retaliatory tariffs. As tensions rise, experts caution that this escalating trade war could significantly impact global markets and U.S. businesses.