A Year After Liberation Day: How Firms Are Reacting to the Trump Tariffs
One Year Later On April 2, 2025, President Trump stood in the Rose Garden and declared “Liberation Day,” announcing a sweeping new tariff regime on U.S. trading partners under the International Emergency Economic Powers Act (IEEPA). One year later, little about that original regime remains intact. Over the following months, the administration repeatedly altered the timing, scope, and…