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Podcast: Fault Lines
Episode: Episode 434: Liberation Day or Tax Day?
Description: Today, Jess, Martha, Morgan, and Amy break down President Trump’s long-awaited “Liberation Day” and the sweeping tariffs that come with it. While the exact details are still emerging, proposals range from a universal 20% tariff on imports to targeted reciprocal tariffs designed to match the duties other nations impose on U.S. goods. The announcement has already triggered domestic backlash and international warnings of retaliation, setting the stage for a potential economic showdown.Will these tariffs revive U.S. manufacturing or simply drive up costs for American consumers? How will Congress respond if businesses and voters push b...