President Trump will launch his second-term economic gamble Wednesday by proposing broad tariffs aimed at reshaping global trade, according to CNBC. Trump plans to impose reciprocal tariffs matching those charged on U.S. exports in a move he branded "Liberation Day." While he argues this strategy will end reliance on deficit spending and reduce trade deficit, economists warn it may trigger short-term pain. Consumer sentiment is at multi-year lows, and analysts say the tariffs could slow growth, weigh on stocks, and raise recession risks.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02President Trump will launch his second term economic gamble Wednesday by proposing broad
00:05tariffs aimed at reshaping global trade, according to CNBC.
00:09Trump plans to impose reciprocal tariffs matching those charged on U.S. exports
00:14in a movie-branded Liberation Day.
00:16While he argues the strategy will end reliance on deficit spending and reduce trade deficit,
00:20economists warn it may trigger short-term pain.
00:23Consumer sentiment is at multi-year lows.
00:25Analysts say the tariffs could slow growth, weigh on stocks, and raise recession risks.