How Trump’s ‘Liberation Day’ Tariffs Might Go Down

Tariffs in the Rose Garden Global markets are mostly lower ahead of President Trump’s big tariffs rollout today, but it’s not the tumult that has rocked stocks in recent weeks. S&P 500 futures are holding steady, in the red, as economists warn that Trump’s protectionist policies could set off a global trade war that slams growth and raises prices. Business leaders and policymakers are on tenterhooks over what the president might introduce this afternoon.

As of yesterday, Trump’s team was still debating , Bloomberg reports. Will they involve a blanket flat rate — say, a 20 percent duty? Will the levies be tailored by country, with those running the biggest trade surpluses to the U.S.



seeing the biggest hit? Or will it be a tiered system in which targets are put into a bad or a worse category? Adding to the confusion, the White House says the tariffs would , but also that the president was open to negotiating. Mercedes is weighing whether to , like the ​​GLA sport utility vehicle, from the U.S.

market, as a round of auto tariffs — set to go into effect tomorrow — challenge the company’s profitability, Bloomberg reports. And Sandoz, the European pharma giant, has warned that the trade war could and crimp drug availability. We are having trouble retrieving the article content.

Please enable JavaScript in your browser settings. Thank you for your patience while we verify access. If you are in Reader mode please exit and your Times account, or for all of The Times.

Thank you for your patience while we verify access. Already a subscriber? . Want all of The Times? .

.