Trump reveals these 2 new tariffs on "Liberation Day," April 2 (1 Viewer)

[Politics - CBSNews.com]

President Trump announced two new types of tariffs on April 2, or what he's calling "Liberation Day," aimed at erasing trade deficits between the U.S. and its trading partners.

The two new tariffs are:

Mr. Trump, who announced the tariffs in the White House's Rose Garden on Wednesday afternoon, said his plans reflect "one of the most important days in American history; it's our declaration of economic independence." Even so, economists say the tariffs will boost prices on many products purchased by American consumers, at a time when inflation...

Continue reading...