What happens on Trumps Liberation Day and beyond? [Video]

US President Donald Trump has launched a volley of tariffs impacting allies and adversaries this year, promising “Liberation Day” on Wednesday with action targeting countries that have persistent trade gaps with his country.

What can we expect and what else is in the pipeline?

– Tariffs imposed –

Trump fired his first salvo in early February, announcing tariffs of up to 25 percent on goods from Canada and Mexico while demanding they do more to stop illegal immigration and the smuggling of the illicit drug fentanyl.

While he postponed their implementation to March and later provided partial relief to aid the auto industry, the state of these exemptions after Wednesday remains unclear.

China won no such reprieve over the same period. The Trump administration slapped an additional 20 percent tariff on goods from the world’s second-biggest economy, over its alleged role in supply chains of drugs like fentanyl.

Trump has separately taken aim at …