Trump Says He Settled on ‘Liberation Day’ Tariff Plan

“President Trump said that he had settled on a plan for his latest batch of tariffs expected this week but didn’t reveal what he had decided, after his economic team struggled to coalesce around a remade U.S. trade strategy,” the Wall Street Journal reports.

“The debate behind closed doors highlighted the conflicting priorities of the president. The biggest one: He wants to both raise revenue with tariffs and use them as leverage to get other nations to lower their own duties, or make other policy changes. But if tariffs are subject to negotiation, and could be lowered over time, that would raise doubts about how much revenue could ultimately be expected from their imposition.”