Tariffs on the World Stage: How Trump’s National Security Rationale Could Redefine Global Trade
On April 2, 2025, former U.S. President Donald Trump signed Executive Order 14257—dubbed “Liberation Day”—imposing sweeping new tariffs under a national-security pretext. A universal 10% tariff on nearly all imports, scheduled to start April 5, paired with “reciprocal” tariffs up to 50% on targeted nations beginning April 9, marked the most aggressive intervention since the 1930s Smoot-Hawley […]