Commentary

Are Trump's New Tariffs 'Liberation'? Judge for Yourself.

By Veronique de Rugy
Thursday, April 03 2025

At this writing, President Donald Trump plans to impose sweeping new tariffs on imports from around the world. We're told that "Liberation Day" tariffs will raise $6 trillion in federal revenue over the next decade, plus another trillion from automobile tariffs. But the only true "liberation" will be us Americans – consumers and taxpayers – being liberated from even more of our hard-earned income. So hold on to your wallet. If you don't believe that Liberation Day is bad news for the overwhelming majority of us, first remember that U.S. consumers…

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