President Donald Trump fulfilled his campaign promise by implementing sweeping new tariffs during a White House event. Trump announced the implementation of reciprocal tariffs on countries worldwide, referring to it as 'Liberation Day.' The details of the tariffs had not been fully worked out prior to the event, with some advisers suggesting a higher baseline rate. The announcement of the tariffs has already caused stock market turmoil and raised concerns about a recession and increased inflation. Trump has also threatened to impose tariffs on various other goods and countries.