Trump 'Liberation Day' reciprocal tariffs take effect

President Donald Trump's long-threatened reciprocal tariffs took effect Thursday, slapping many nations with substantial tariff increases.Trump initially announced the tariff levels on "Liberation Day" or April 2, ultimately delaying the plan until now to give nations time to negotiate trade deals. While many nations did strike a deal, goods from more than 60 countries and the European Union will still be hit with tariffs of 10% or more as of Thursday.Trump has wielded the threat of tariffs as a weapon to secure trade deals for months.In the days leading up to the August deadline, Trump unveil