Washington | White House aides are preparing to impose new tariffs on most imports on April 2, laying the groundwork for an escalation in global economic hostilities that President Donald Trump has called “Liberation Day”.
Throughout his first two months in office, the president has raised tariffs on about $US800 billion ($1.3 trillion) in imports from China, Mexico and Canada, although estimates vary widely. These tariffs have sent the sharemarket careening and raised the risks of a US recession while inviting retaliation against domestic industries by trade partners.
