#Trump to Unveil Reciprocal Tariff Policy Donald Trump is set to unveil a massive tariff plan, dubbed "Liberation Day," this Wednesday, which will include reciprocal tariffs targeting all countries, not just a select group of 10 to 15 nations with significant trade imbalances ¹. This move aims to protect the domestic economy from unfair global competition and serve as a bargaining chip for better US trade terms.

The reciprocal tariffs will match the higher rates that other nations charge on US exports, following Trump's "if they charge us, we charge them" principle ². This announcement comes on the heels of other recent tariff implementations, including a 10% across-the-board tariff and stricter 25% tariffs on steel and aluminum.

Some experts warn that these tariffs could have significant economic implications, including increased costs for American consumers. For instance, the Peterson Institute estimates that the typical American household could face over $1,200 in additional costs annually ².