Tariffs: ‘Liberation’ Day!

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BY ANDREW STUTTAFORD

April 02 2025

April 2 will be "liberation day for America" as President Donald Trump unveils his tariff hikes, he promised — one of the "most important days in modern American history," according to Press Secretary Karoline Leavitt.

Trump will say what he's going to say, but the basic picture he paints has not changed for decades, although the role of principal villain may do so (in the 1980s, it was Japan). Leavitt sets it out again: A lack of reciprocity has contributed to a "large and persistent annual trade deficit that's gutted out industries and hollowed out key workforces." This, the president says, will now change.

Leavitt: "He is always up to take a phone call, always up for a good negotiation, but he is very much focused on fixing the wrongs of the past."

On the topic of "gutting," it's worth noting (as Dominic Pino does in his new article ...

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