Trump unveils sweeping 'reciprocal' tariffs

Wednesday, April 2, 2025

Good evening and welcome to your daily news briefing from The Independent.

President Donald Trump unveiled sweeping 'reciprocal' tariffs, Elon Musk will reportedly be taking a more supportive role soon, and Amazon has made a last-ditch bid for TikTok

Top stories

1.| Trump claims U.S. industry 'reborn' as he imposes sweeping tariffs on his highly touted 'Liberation Day'

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2 | Musk will step back to 'supporting role' soon, Trump has told Cabinet members

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3 | Judge throws out Eric Adams corruption case and sides with Trump's DOJ

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4 | Amazon makes last-ditch bid for TikTok as Trump's deadline approaches

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5 | Cory Booker breaks record for longest ever Senate speech

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The Big Question 

Donald Trump is hailing "liberation day in America" before rolling out still-unannounced "reciprocal" tariffs on imported goods shortly after markets close on Wednesday.

Administration critics and most economists have repeatedly argued sweeping tariffs are ultimately a tax on Americans, as importers and retailers are likely to hike prices to compensate for the levies they face.

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Editors' picks

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STAT OF THE DAY

13%

Tesla delivered 13 percent fewer cars in the first quarter of this year, it has said, amid growing backlash to Elon Musk and his continued backing of right-wing politics.

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QUOTE OF THE DAY

"Our courts are not for sale"

Liberal Judge Susan Crawford said Wisconsin voters "fended off an unprecedented attack on our democracy" after defeating the Elon-Musk backed candidate in the state Supreme Court race.

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