'Liberation Day' Braced to Change Global Trade Dynamics

President Trump plans to announce sweeping new tariffs on global trade partners, claiming it's 'Liberation Day' for the U.S. This move could escalate trade wars, increase prices, and disrupt global commerce. Economists and global leaders express concern over the potential negative economic impacts.

In a bold move, President Donald Trump has declared 'Liberation Day' in America, signaling the introduction of significant new tariffs on global trade partners. This decision sets the stage for a potential trade war, aiming to adjust the dynamics of international commerce in favor of the United States.

Trump's announcement, expected in a White House Rose Garden ceremony, coincides with plunging U.S. stock indexes, highlighting market concerns. With $5 trillion lost in value since February, the stakes are immense as the new tariffs market-shaking effects begin to take hold.

Global leaders, wary of these trade barriers, anticipate retaliatory measures. Economists warn of potential recessions and economic slowdowns, affecting everything from consumer costs to manufacturing. The unpredictability of these policies leaves industries on edge, uncertain about future operations and supply chain management.

(With inputs from agencies.)