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The calendar this week is what President Trump is calling Liberation Day.
Wednesday, April 2nd.
That's when the president says we can expect the biggest salvo yet in his widening trade war.
April 2nd is going to be Liberation Day for America.
We've been ripped off by every country in the world, friend.
And the president raised the stakes this weekend by saying he plans to start his reciprocal tariffs push with all countries,
no country spared, at least for now.
But we still don't know how high these tariffs will be.
There's less uncertainty about the tariffs, significance about what they represent.
Sean Donning covers economic policy for Bloomberg.
Look,
I think we're at a point where we are moving towards and I think this is the key point to remember one of the biggest acts of American protectionism that we've seen in almost a century and possibly even bigger than the 1930s Smoot Hawley tariffs,
which have for decades been this kind of emblematic example of a huge protectionist mistake.
The Smoot Hawley Tariff act, signed into law by President Herbert Hoover in 1930,