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Crossroads with Joshua Philipp

Global Impact of ‘Liberation Day’ Tariffs

05 Apr 2025

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President Donald Trump carried through with his global tariffs for what he deemed “Liberation Day.” This includes sharp tariffs against many countries in the world, while offering a way out if they drop their tariffs and trade barriers against the United States. The day after, the stock markets saw a huge selloff, in what some framed as an attempt to short the market. Yet already, many countries are saying they’re ready to negotiate.

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