Trump gives remarks on ‘Liberation Day’ tariffs

Wednesday, April 02, 2025

President Trump on Wednesday is set to give a "Make America Wealthy Again" speech Wednesday afternoon, when he is expected to announce additional taxes on certain imported goods, as well as reciprocal tariffs on other nations. Trump has deemed April 2 "Liberation Day" because of the tariffs. Despite concern over the economy and financial markets in the U.S. and abroad, the president has argued that the tariffs will boost domestic manufacturing. He has said he's also implementing them to help to curb the flow of drugs, such as fentanyl, from entering the U.S. The perceived trade war, which has sparked significant backlash on both sides of the aisle, follows tariffs imposed earlier this month on Canada, Mexico and China.

Posted by lfthndthrds at 07:34 PM | 20 COMMENTS | permalink | Comment on This Entry |

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Video at the link.

#1 | Posted by lfthndthrds at 2025-04-02 07:34 PM | Reply

Goods imported from China will now face a combined total tariff rate of 54%, Treasury Secretary Scott Bessent said Wednesday.

Bessent confirmed on Bloomberg Television that all goods imported from China would face a new 34% rate based on White House calculations of what it currently imposes on U.S. exports, plus the existing 20% rate Trump had already imposed against it in the initial weeks of his administration.

Bessent added that while there may be room for discussions with Trump about that rate, he would most likely stand pat for now.

www.offthepress.com

#2 | Posted by lfthndthrds at 2025-04-02 07:38 PM | Reply

Crashing the economy is good for the American economy.
Signed,
Republicans

#3 | Posted by snoofy at 2025-04-02 07:46 PM | Reply

Doing the same thing Biden did is a good thing
Signed,
Demoocrats

#4 | Posted by lfthndthrds at 2025-04-02 07:52 PM | Reply

Biden didn't do what Trump is going, but then again, you can't really explain what Trump is doing to begin with.

#5 | Posted by snoofy at 2025-04-02 08:07 PM | Reply | Newsworthy 1

Biden did nothing about any of the financial problems. Well, other than sell our reserves for a temp gas price fix, and attempt to forgive loans he had no authority over. Inflation ran rampant while he ate ice cream and fell down/up stairs.

Literally no one trusts your party. Now would be a good time for you to STFU.

#6 | Posted by lfthndthrds at 2025-04-02 09:08 PM | Reply

Snoofy mad his Chinese made ----- went up 25%.

#7 | Posted by fortfisher at 2025-04-02 09:16 PM | Reply

Biden did nothing about any of the financial problems. Unlike Trump, who made the financial problems worse. Advantage: Trump.
Signed, Republicans

#8 | Posted by snoofy at 2025-04-02 09:39 PM | Reply

I see the 12 year old incel is posting about sex again.

#9 | Posted by Alexandrite at 2025-04-02 09:40 PM | Reply | Newsworthy 1

Snoofy mad his Chinese made ----- went up 25%.
#7 | Posted by fortfisher

I can get him one at the old rate.

I think we need to wait this one out for at least 1 month.

After all saying $3Trillion in foreign tourism was ---- and bull.

#10 | Posted by oneironaut at 2025-04-02 09:42 PM | Reply

Can one of you Buffoon fellator's tell me how a how a 50%+ price increase on a s***load of stuff from Walmart, etc is a good thing. Or will you tell me how the other countries pay the the tariffs like the dumba** Buffoon says?

#11 | Posted by et_al at 2025-04-03 12:49 AM | Reply

#11 | Posted by et_al

I look forward to the responses.

#12 | Posted by REDIAL at 2025-04-03 12:57 AM | Reply

Literally no one trusts your party. Now would be a good time for you to STFU.

#6 | POSTED BY LFTHNDTHRDS

Wassamatter? Are "words" hurting your feeling?

No one believes a word you say. You are whizzing into the wind and pretending the------------- you are receiving is part of the Plan.

Only two months into Trumpy's ham fisted chaotic rule and you are already panicking and trying to squash dissent. Good luck with that as the voices of dissent will only get louder and more insistent the further we go into this disastrous foray into anti- democratic fascism.

#13 | Posted by donnerboy at 2025-04-03 11:09 AM | Reply

"tell me how a how a 50%+ price increase on a s***load of stuff from Walmart,
#11 | Posted by et_al"

Because American people buying less cheap Chinese made ---- from Walmart is good for the country.

#14 | Posted by ScottS at 2025-04-03 07:09 PM | Reply

Sure. Buy --------- from Granny June. You ------- ------. I'll buy what I want from who I want whenever I want, and you can go scrub cancres off your mom's oozing ----.

#15 | Posted by LegallyYourDead at 2025-04-03 07:14 PM | Reply

Because American people buying less cheap Chinese made ---- from Walmart is good for the country.

#14 | Posted by ScottS

STFU idiot. This is the inevitable outcome of decades of GOP economic policy. Policy they were happy with because it gave them cheap stuff from Wal-Mart while others bore the brunt of the domestic labor market decline.

While it was a situation that needed to be fixed, this isn't the way to fix it.

#16 | Posted by jpw at 2025-04-04 11:42 AM | Reply

"Because American people buying less cheap Chinese made ---- from Walmart is good for the country."

So the country has been bad, from 1980 to 2025?

#17 | Posted by snoofy at 2025-04-04 11:45 AM | Reply

"Because American people buying less cheap Chinese made ---- from Walmart is good for the country."

Like you know what's good for the "country". Who are you to decide what is good for other Americans and what they should buy?

Only commies talk like that.

GFY commie.

#18 | Posted by donnerboy at 2025-04-04 11:51 AM | Reply

The only remedy for 3% inflation is a 50% tax on everything.

#19 | Posted by schifferbrains at 2025-04-04 11:58 AM | Reply

Because American people buying less cheap Chinese made ---- from Walmart is good for the country.

#14 | Posted by ScottS

Now they can buy it for 50% more and have less money to spend on everything else.

That's less money for rent or home buying, food, medical care, entertainment, clothing, cars, electronics, services, etc.

That trickles into less revenue for all other businesses cutting their revenue and force layoffs.

And a death spiral which results in fewer people with money to spend meaning less product demand resulting in layoffs...which results in even fewer people with money to spend meaning less product demand resulting in layoffs...which results in even fewer people with money to spend meaning less product demand resulting in layoffs...which results in even fewer people with money to spend meaning less product demand resulting in layoffs...which results in even fewer people with money to spend meaning less product demand resulting in layoffs...which results in even fewer people with money to spend meaning less product demand resulting in layoffs...which results in even fewer people with money to spend meaning less product demand resulting in layoffs...which results in even fewer people with money to spend meaning less product demand resulting in layoffs...which results in even fewer people with money to spend meaning less product demand resulting in layoffs...which results in even fewer people with money to spend meaning less product demand resulting in layoffs...which results in even fewer people with money to spend meaning less product demand resulting in layoffs...which results in even fewer people with money to spend meaning less product demand resulting in layoffs...which results in even fewer people with money to spend meaning less product demand resulting in layoffs...which results in even fewer people with money to spend meaning less product demand resulting in layoffs...

And the only hope is that lower demand at some point way down the line means lower prices to the point where the economy stabilizes, but no where near where we are now.

#20 | Posted by Sycophant at 2025-04-04 12:57 PM | Reply