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Trump, tariffs and Liberation Day

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Overview
President Trump's tariffs have sent the stock market spiraling and shockwaves through the American economy, affecting farmers, autoworkers and small business owners.
From CBS News
The U.S. Senate approved a Republican budget blueprint early on Saturday that aims to extend trillions of dollars worth of President Donald Trump's 2017 tax cuts and sharply reduce government spendin...
From Reuters

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After Trump announced new tariffs on "Liberation Day," Americans react: "Buckle up and get ready for the ride"
Mr. Trump insists that these actions are his way of standing up for farmers and ranchers. Other nations such as Japan, China and India have charged higher tariffs than the U.S. for importing American farm goods.
Liberation Day: Trump unveils reciprocal tariffs, says US will no longer be ‘raped’ by trading partners
President Donald Trump said countries, whether staunch allies or adversaries, would be subject to at least a 10% tariff.
How we got to Liberation Day: A look at Trump’s past comments on tariffs
President Donald Trump has routinely declared tariffs as one of the most beautiful words in the dictionary and has regularly accused foreign countries of ripping off the U.S.
US Senate Republicans pass measure to move forward on Trump's tax cuts
The 51-48 vote unlocks a maneuver that will allow Republicans to bypass the Senate's filibuster and pass Trump's tax, border security and military priorities this year without Democratic votes.
Fractious Republicans seek unity over Trump tax cuts
US senators were set to vote Saturday on unlocking trillions of dollars for sweeping tax cuts promised by President Donald Trump, despite bitter infighting among the majority Republicans over the
Senate takes up a budget plan crafted by Republicans to advance Trump’s agenda
The Senate dived into contentious debate Friday on a budget plan critical to Republican efforts to pass trillions of dollars in tax cuts and boost border security and defense spending through what President Donald Trump calls “one big beautiful bill.
How the White House Calculated Its ‘Reciprocal’ Tariffs on Imports
The Trump administration took that formula’s figure, -0.5 for South Korea, and divided it by two to calculate the U.S. “discounted reciprocal” tariff rate. So, while South Korea imposes an effective tariff rate of .79 percent on U.S. goods, the reciprocal tariff rate the U.S. is imposing on South Korea is 25 percent.
President Trump tells Americans to 'hang tough,' golfs again as universal tariffs begin
President Trump on Saturday urged Americans to "hang tough" and played golf as his baseline 10% universal tariffs went into effect.
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