3 days ago
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After weeks of White House hype and public anxiety, President Donald Trump is set to announce a barrage of self-described “reciprocal” tariffs on friend and foe alike.
The new tariffs — coming on what Trump has called “Liberation Day” — is a bid to boost U.S. manufacturing and punish other countries for what he has said are years of unfair trade practices. But by most economists’ assessments, the risky move threatens to plunge the economy into a downturn and mangle decades-old alliances.
Other news we’re following today:
- Trump holds meeting with investors on TikTok sale: Trump will hold a Wednesday meeting with aides about possible investors who could buy a stake in TikTok, a deal that could potentially stop the social media site from being banned in the U.S.
- Major international law firm reaches deal with White House: Another law firm has reached a deal with Trump to dedicate at least $100 million in free legal services to causes such as supporting veterans and combating antisemitism, the White House announced Tuesday.
Wisconsin and Florida elections: In the race for a Wisconsin Supreme Court seat, the conservative judge endorsed by Trump and backed by Musk lost by a significant margin in a state Trump won in November. And while Florida Republicans held two of the country’s most pro-Trump House districts, both candidates underperformed Trump’s November margins.
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