US President Donald Trump is planning a “liberation day” amid a looming trade war with his threat of tariffs. This move could impact markets worldwide, as tensions escalate between Washington and trading partners.
Trump’s administration has been negotiating new trade agreements to boost American exports. However, the president recently threatened to impose tariffs on imported goods from countries such as China and Europe. The move is aimed at reducing a trade deficit and boosting US economic growth.
Market experts warn that such actions could spark a global trade war, leading to higher prices for consumers and businesses alike. Analysts also expect a strong reaction from countries hit by the tariffs, which could lead to retaliatory measures.
The Financial Times provides in-depth coverage of Trump’s policies and their impact on the US economy and global markets. Stay up-to-date with our trusted and impartial analysis of the latest events in US politics.
Source: https://www.ft.com/content/01ac8e02-8310-469a-b07c-57e6226cd90d