President Trump's 'Liberation Day' tariffs aim to boost US revenue, risking global economic instability and income loss.

President Trump is set to declare 'Liberation Day,' proposing a 25% tariff hike to enhance US revenue by $6 trillion in the next ten years, despite the potential ris

President Trump is set to declare 'Liberation Day,' proposing a 25% tariff hike to enhance US revenue by $6 trillion in the next ten years, despite the potential risk of global economic turbulence. Economists foresee a significant $1.4 trillion decline in global income, along with inflation and trade disruptions. Although countries like India may experience immediate benefits, analysts caution against the adverse long-term consequences.