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Trump’s long-awaited “Liberation Day” tariff announcement will touch down tomorrow, and with it, the possibility of a sweeping 20% tariff across all imports — a proposal once floated on the campaign trail that now appears back in serious contention. 

The path here has been winding and chaotic, filled with multiple postponements, shifting timelines, and last-minute pivots. So far this week, messaging has shifted from tariffs on “all countries worldwide, no exemption” on Sunday to tariffs as “relatively lenient” and “very kind” come Monday.

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