<h1>Trump's 'Liberation Day' Tariffs Aim to Cut Foreign Reliance; Economists Warn of Higher Costs and Global Impact.</h1> President Donald Trump plans to introduce a new set of tariffs, dubbed 'Liberation Day,' aimed at reducing the United States' reliance on foreign goods. These tariffs, including a 25% levy on auto imports and taxes on various other goods, are expected to raise consumer prices and potentially slow economic growth. While Trump argues that the tariffs will encourage domestic production, economists warn of higher costs for families and potential retaliatory measures from other countries. Foreign leaders, including those from Canada, France, and China, criticize the tariffs as harmful to the global economy. Despite potential economic drawbacks, Trump views these tariffs as a form of national redemption.