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‘Liberation Day’ would be on April 1st. But Donald Trump decided to move it with a day because he didn’t want anyone to think it was an April.
It’s no joke for him and it’s no joke for governments worldwide because they have his tariff announcements.
It is surprising how little we know about the plans to be announced later in the Rose Garden of the White House later today.
It said that we did not see the president on Tuesday. He and all his advisers were shrouded in the western wing, away from the cameras, and the tariff plans were completed.
Follow the events of Liberation Day Live as it unfolds
Three key figures are central to everything.
Treasury secretary Scott Besent is the so-called ‘measured voice’. He was a former hedge fund manager and argued for targeted blanket rates.
Peter Navarro is Trump’s senior adviser for trade and manufacturing. He is a long -standing assistance and confidant of the president, and he is a true loyalist and a firm believer in the merits of rates.
His economic views are much beyond mainstream economic thinking – precisely why he appeals to Trump.
‘Stop That Crap’: Trump -Advisor Peter Navarro responds to Sky News Correspondent’s question about rates
The third key character is Howard Lutnick, the trade secretary and the biggest proponent of the full-time liberation day tariff-Juggernaut.
The businessman, philanthropist, Trump fundraiser and billionaire (net worth between $ 1 billion and $ 2 billion) have been one of the closest to Trump in the past 73 days of this presidency -regularly inside and outside the west wing.
If something goes wrong, observers here in Washington will suspect that Trump Lutnick will make the valan.
What are the rates of Donald Trump, what is ‘Liberation Day’ and how does it affect the UK?
And what if it’s all going wrong? What if Trump is actually the April.
“It’s going to work …” his press secretary said when asked if it could all be a disaster, increasing the cost of living for Americans and creating global economic chaos.
“The president has a brilliant team that has been studying these issues for decades and we focus on restoring the global era of America …” said Karoline Leavitt.
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‘Days of us ripped off is over’
Dance to the president’s tune
My sense is that we should see ‘Liberation Day’, not as the moment it is all in terms of negotiations for countries worldwide because they are trying to work out transactions with the White House. It should be seen rather than the beginning.
As always, Trump wants to be seen as the one who calls the shots, taking control, grabbing the spotlight. He wants the world to dance on his tune. Today is his moment.
But beyond today, besides the inevitable tit-for-tat retaliation, expect to see efforts by countries to seek cuts and throw legs to Trump; To identify areas where trade policies can be set up to place the president.
Even small sacrifices that change little in a material sense can give Trump the chance to turn himself and represent himself as the ware maker he wants.
An important challenge for foreign governments and their diplomats in Washington has involved the president himself with proposals he may want.
Negotiations take place with a team from the White House which is uncertain where the president will eventually land. This has led to unsatisfactory speculative negotiations.
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Minister of the Treasury: ‘We will do everything to secure an agreement’
Too much faith placed in the ‘special relationship’?
The UK believes that it is in a better position as most other countries worldwide. It sits outside the EU that gives it autonomy in its trade policy, its deficiency with the US is small, and Trump loves Britain.
It is also true that the British government has succeeded in accelerating trade conversations with the White House over a tariff -free trading partnership. Trump’s threats forced talks that would normally sit in the tall grass for months.
But for the time being, the conversations did nothing firmly. Surely this is a concern. Did Keir Starmer have too much confidence in the ‘special relationship’?
Downing Street has identified areas where they can adjust the trade policy to place Trump. Cars maybe? Currently, US cars in the UK have a 10%rate. Digital services maybe?
American food? This is unlikely – there are no – tariff barriers to American food, because the consensus seems to be that chlorated chicken and the like are not something British consumers want.
Easier access to UK financial services maybe? More visas for Americans?
But for the time being, everyone is waiting to see what Trump is doing before they move or repay and lower their own market barriers.
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