Trump ends ‘Liberation Day’ suspense with new 10% worldwide tariff and additional tariffs for certain countries

News Snapshot:

The White House unveiled a two-step tariff approach as Donald Trump’s long-awaited "Liberation Day" plans were finally released during a Rose Garden event at the White House. The president will impose a baseline tariff rate of 10% on all countries with additional tariffs to be added on top for some of what the administration considers the worst offenders. The president said those additional rates were calculated both based on tariffs but also non-tariff barriers that Trump has long bemoaned. Trump held up a chart at the event with the additional rates he has planned and atop the list was China,...