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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

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The Big Question

Trump’s ‘liberation day’ is here. What do his tariffs mean for Americans?

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.

Editors’ picks

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