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By Michael Katz, NewsMax, April 2, 2025
It was “Liberation Day” at the White House on Wednesday as President Donald Trump announced a sweeping round of tariffs in a speech in the Rose Garden.
Trump’s speech aired live on Newsmax and the Newsmax2 free online streaming platform.
Here are some details revealed in a White House fact sheet:
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Using his authority under the International Emergency Economic Powers Act of 1977, Trump will impose a baseline 10% tariff on all countries beginning at 12:01 a.m. Eastern time on Saturday.
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Higher individualized reciprocal tariffs on countries with which the U.S. has the largest trade deficits. Those will take effect at 12:01 a.m. Eastern on April 9. The tariffs will remain in effect until Trump determines the threat posed by the trade deficit and underlying nonreciprocal treatment is satisfied, resolved or mitigated. …
