Global stock markets fall as new Trump tariffs loom
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Trump Unveils 'Liberation Day' Tariffs
Above: US President Donald Trump holds a chart as he delivers remarks on reciprocal tariffs during an event in the Rose Garden entitled "Make America Wealthy Again" at the White House in Washington, DC, on April 2, 2025. Image copyright: BRENDAN SMIALOWSKI/Contributor/AFP via Getty Images
The Spin
Anti-Trump narrative
This tact from Donald Trump is familiar, and it's one that leads the U.S. down a road to failure. His tariffs didn't revitalize U.S. manufacturing the first time around, and they won’t now. Instead, his chaotic trade policy will drive up consumer costs, increase inflation, and bring America to the brink of recession.
Pro-Trump narrative
"Liberation Day" will mark the moment the United States takes a stand for its trade interests, ushering in a new golden age. For decades, past presidents have allowed the U.S. to be exploited in a global trade war against it. President Trump, with bold determination, has rejected this failed approach and is committed to securing a fair deal for America and the American worker.