
‘Liberation Day’ Triggers Tariff Shockwave: Trump Announces Sweeping Reciprocal Tariffs - Implications and Strategic ...
1. Imposition of Reciprocal Tariffs by the Trump Administration (1) Background and Rationale On April 2, 2025 (local time in the U.S.), President Trump declared the day “Liberation Day” and issued an executive order to implement “Reciprocal Tariffs” in …