IT’s Liberation Day … America had become the world’s piggy bank for a long time, Trump said- Today, we are taking back control

President Donald Trump has posted a post on Truth Social before the United States has put a reciperook tariff. Tump wrote in its post, it is a day of independence in Liberation Day in US i.e. America. Trump will deliver a speech at the ‘Make America Weldi Again event’ at Rose Garden, at 4:00 pm today (Indian time at 1:30 pm Indian time). In this event, there will be an announcement regarding the reciperook tariff. Trump has long supported tariffs as a solution to trade imbalance, while economists have warned that consumers will eventually pay the price. Critics argue that high prices of imports can promote inflation and push the economy towards recession.

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Today, we are taking back control
Trump said in a press conference that America had been a gullak of the world for a long time. Today, we are taking back control. Trump termed April 2 in his fight to “free” the US domestic industries from foreign dependence. In addition to the tariff to be declared on Liberation Day, as Trump is called it, 25% tariffs on import of auto and auto parts are going to be effective from Thursday.

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Who are ‘Dirty 15’ countries?
American Treasury Secretary Scott Besent recently referred to a group of countries as “Dirty 15”, which he described as 15% of the US trading partners who impose heavy tariffs and other trade obstacles on American goods. Although Besant did not disclose the exact list of these countries, the US Commerce Department’s 2024 trade deficit reports give some clues. According to the report, countries with the most goods trade deficit are-
China
European Union
Mexico
Vietnam
Ireland
Germany
Taiwan
Japan
South Korea
Canada
India
Thailand
Italy
Switzerland
Malaysia
Indonesia
Which tariffs will be installed?
Tariff is expected to separate in different countries and industries. Trump has first imposed wide tariffs on steel and aluminum, levied on foreign automobiles and targeted targeted charges on Chinese goods. These can include new business measures:
Especially in pharmaceuticals and semiconductor
High tariffs on automobile imports and spare parts are going to be effective from April 4
Increase in trade obstacles on goods manufactured from large trade surplus countries with America

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