The last time the US imposed tariffs similar to those issued by Trump was at the outset of the Great Depression. Trump has celebrated Wednesday, the day that the tariffs were implemented, as “Liberation Day.” That’s because he sees the tariffs as a “declaration of economic independence” and a means of reviving American manufacturing, as he said during a Rose Garden event on Wednesday. The Economist called the tariffs the “most profound, harmful and unnecessary economic error in the modern era,” based on an “utterly deluded” understanding of economics and history.
Author: Nicole Narea
Published at: 2025-04-07 22:43:24
Still want to read the full version? Full article
