**On April 2, 2025, President Trump declared “Liberation Day” 🎉, announcing broad tariffs to reduce trade deficits 📉 and revive US industry 🇺🇸. A study finds that reciprocal retaliation results in net welfare losses for the US economy 📊. Under optimal foreign retaliation, US welfare declines by up to 3.38% 🔻.**
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#LiberationDay #TrumpEconomics #TradeTariffs #USIndustry #EconomicImpact
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#LiberationDay #TrumpEconomics #TradeTariffs #USIndustry #EconomicImpact
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