Trump announces ‘reciprocal’ tariffs, sparking mixed reactions [Video]

President Donald Trump today announced sweeping new “reciprocal” tariffs on American trade partners, a move the White House says will punish what they see as unfair trade practices.See the story in the video above”My fellow Americans, this is Liberation Day,” President Donald Trump said. “It’s our declaration of economic independence.” President Trump says the tariffs are designed to bring back manufacturing and wealth to the nation.“For years, hardworking American citizens were forced to sit on the sidelines as other nations got rich and powerful, much of it at our expense. But now it’s our turn to prosper,” President Trump said.D.C.-based Pop Fizz Bar owner Brett Kroll said the tariffs could be “death by a thousand cuts” as prices gradually increase.”This is probably the biggest uncertainty since COVID,” Kroll said. “We’re getting caught in the crossfire of this, and we’re not being necessarily thought of in terms of our, like, livelihood …