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Trump & Elon's grand plan to liberate you EVEN MORE

Trump is worried that Liberation day was a flop. Elon Musk has some ideas for how to make it Great Again. #PUPPETREGIME

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President Donald Trump, seen here on the South Lawn of the White House in February, is set to unveil his "Liberation Day" tariffs.

REUTERS/Craig Hudson

Trump’s tariff plan to take effect

T-Day has arrived. On Wednesday afternoon, Donald Trump’s reciprocal tariffs on US trade partners will take effect immediately after a Rose Garden announcement.

The devil’s in the detail: Trump has reportedly settled on the main aspects of the plan, and has been talking over the fine print with his top advisers. The administration has reportedly weighed a few different options for the overall scheme, including imposing different tariff rates on each trading partner, targeting specific countries, or enforcing a blanket tariff — possibly as high as 20%.

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President Donald Trump speaks from the Oval Office flanked by Commerce Secretary Howard Lutnick on the day he signed executive orders for reciprocal tariffs, Feb. 13, 2025.

REUTERS/Kevin Lamarque

Opinion: Searching for signals on ‘Liberation Day’

Now in its third month, Trump 2.0 has sustained a breakneck pace. In recent days, the administration announced 25% tariffs on automobiles, conceived of secondary tariffs for nations buying oil from Venezuela (and potentially Russia and Iran), and reiterated its interest in “getting” Greenland.

Market participants have held their breath for Wednesday – “Liberation Day” – as the administration is set to unveil global tariffs, the lynchpin of its America First trade policy.

As the zone has flooded, predicting the current administration’s next moves has become an Olympic-level sport. Details of a group chat between senior administration officials that leaked last week – the so-called Houthi PC small group – provide allies, adversaries, and watchers with revealing insights into the administration’s foreign policy blueprint.

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President Donald Trump holds an executive order about tariffs while flanked by Commerce Secretary Howard Lutnick in the Oval Office on Feb. 13, 2025.

REUTERS/File Photo

Viewpoint: What to expect from Trump’s tariff “Liberation Day”

As in other parts of his agenda, President Donald Trump has wasted no time pursuing his goal to rebalance trading relationships and revitalize US manufacturing by imposing tariffs on imports. Also, like other parts of his agenda, the tariff rollout has been chaotic, with some new measures announced, then delayed, and later reimposed.

Despite the concerns of business leaders and investors about the economic impact of these measures – which have prompted a stock market sell-off – Trump remains committed to his approach. He argues that any short-term pain will translate into long-term gain as businesses move their operations to the US and plans to announce a sweeping new round of tariffs on April 2. We asked Eurasia Group expert Nancy Wei what to expect from what Trump is billing as a “Liberation Day” from an unfair global trading system.

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