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Trump set to announce 'reciprocal' tariffs in risky move that could reshape the economy

Manila Bulletin

April 3, 2025

WASHINGTON (AP) After weeks of White House hype and public anxiety, President Donald Trump is set Wednesday to announce a barrage of self-described "reciprocal" tariffs on friend and foe alike.

The new tariffs coming on what Trump has called "Liberation Day" is a bid to boost U.S. manufacturing and punish other countries for what he has said are years of unfair trade practices. But by most economists' assessments, the risky move threatens to plunge the economy into a downturn and mangle decades-old alliances.

The White House is exuding confidence despite the political and financial gamble being undertaken.

"April 2, 2025, will go down as one of the most important days in modern American history," White House press secretary Karoline Leavitt said at Tuesday's briefing while adding that the new tariffs will take effect immediately.

यह कहानी Manila Bulletin के April 3, 2025 संस्करण से ली गई है।

हजारों चुनिंदा प्रीमियम कहानियों और 9,500 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।

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