Back to the topic - Tariffs:
Our current President says April 2nd is Liberation Day:
Donald Trump has taken a shine to the term "liberation day" as a shorthand for his coming reciprocal tariff plans.
"April 2 is liberation day for our country because we're finally going to be taking in money," he said Monday
during a stop at the Kennedy Center.
He brought it
up again Friday in the Oval Office, saying, "We have been ripped off by every country in the world, friend and foe."
All told, Trump has used a version of the term at least six times this past week in a reflection of how central tariffs have become to his second-term vision and how, in his mind, this liberation theme encapsulates his plans.
He used "liberation day" language previously
in his inaugural address, but then he was looking at Jan. 20, the day he took the oath of office.
The now-in-focus April 2 trade deadline "has become something of a catch-all date for tariff rate hikes from the White House," Henrietta Treyz of Veda Partners said this past week, noting that headline risk for markets and new duties for importers are likely around that day.
So, with tariffs coming in to provide us enough income to offset the resulting price increases, when do we stop deducting withholding from our incomes so we can actually meet these new expenses head on?