President Trump announced that the United States will hit back at any country that imposes trade barriers on American exports by subjecting them to sweeping “reciprocal” tariffs — an unprecedented move that threatens to upend the global economy,

Liberation Day’ plan puts markets on high alert Trump has arrived at the White House’s Rose Garden to make a highly anticipated announcement, giving his first detailed overview of the reciprocal tariff programme.

What we know is that President Trump’s avalanche of tariffs was to hit a peak on April 2; not end, mind you; not necessarily “the” peak, as more could be on the way; but a peak. No Trump policy more completely breaks with America’s past than his “beautiful” tariffs on just about everything coming into the United States from just about anywhere.

Despite the market turmoil caused by the “Liberation Day” tariff announcements, what matters going forward is where Wall Street lands concerning earnings and valuations. Read more here.