Trump has promoted April 2 as “Liberation Day” in America, when a number of massive tariffs will be announced to fulfill the administration’s ambitious economic agenda. The plan has largely remained a mystery, however, as Trump and his administration have floated a number of constantly changing and conflicting proposals. Now we know a little more about what to expect.

happy Liberation Day, Liberation from your earnings and wealth 🤣🤣🤣🤣🤣🤣🤣

Meanwhile, the US stock market has lost over $2 trillion in the last 20 minutes.

if you are still maga how do you feel now?

The Wall Street Journal's conservative editorial board hit President Donald Trump on Wednesday over the steep tariffs he enacted across the globe, warning the MAGA leader that "remaking the world economy has large consequences, and they may not all add up to what Mr. Trump advertises as a new 'golden age.'"

Stock Market Today: Dow opens 1,200 points lower, S&P 500 and Nasdaq plunge as Trump tariffs roil markets; Apple, Nvidia and Nike slump; dollar and gold dive.

@Geiger_Capital :
No one other than (fairly stupid) partisans on the left thinks Trump is truly going to implement 20% tariffs on everything across the board.

🤣🤣🤣🤣🤣🤣🤣🤣🤣

‘I feel like a sucker’: Jim Cramer says he was wrong to have believed Trump on tariffs 🤣🤣🤣🤣 #fafo
?si=pdwBXU08tuX7P8Ly

The Dow fell more than 2,000 points Friday after President Donald Trump rolled out sweeping new tariffs earlier this week. As the stock market was tumbling, Trump played golf at the Trump International Golf Club in Florida

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Analysts have taken note of the similarities between the Trump administration's formula used to decide the "Liberation Day" tariffs, and the same methods provided by ChatGPT if asked. 🤣🤣🤣🤣🤣

Critics highlighted that ChatGPT and other artificial intelligence chatbots would provide very similar methods for setting tariff levels if they were asked to design a policy.

Newsweek contacted the White House for more information on the impact of the tariff policy via email.

The Context
The White House imposed a 10 percent baseline tariff on all imports, including those from U.S. allies and non-economically active regions, along with higher rates for countries with large trade surpluses against the U.S., on Wednesday. The administration expects the new rates to remain in place until the U.S. narrows a $1.2 trillion trade imbalance recorded last year.

What To Know
After the tariffs were announced, the White House released the formula reportedly used to set the tariffs: dividing the U.S. trade deficit with a given country by the value of U.S. imports from that country, then applying that percentage as a tariff. In some cases, a flat 10 percent rate was used if it was higher.

However, many pointed out that ChatGPT proposes the same approach if questioned on creating a global tariff policy. The White House has not commented on how the formula was created, so the similarities may simply be coincidental.

"I think they asked ChatGPT to calculate the tariffs from other countries, which is why the tariffs make absolutely no sense," political commentator Steve Bonnell wrote on X, formerly Twitter.

"They're simply dividing the trade deficit we have with a country with our imports from that country, or using 10 percent, whichever is greater."

In screenshots, Bonnell showed that he asked ChatGPT the question: "What would be an easy way to calculate the tariffs that should be imposed on other countries so that the US is on even playing fields when it comes to trade deficit?"

Elon Musk says he wants a 'zero tariff situation' and a 'free trade zone' for Europe amid Trump's trade war In streamed remarks at an event hosted by Italy's right-wing deputy prime minister, Musk said Europe and the U.S. should move to "a zero tariff situation."

#FAFO #MUSK

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Elon Musk blasted top Trump administration trade adviser Peter Navarro and told an Italian political gathering he wants more free trade, not less.

Why it matters: The two-day rout in the stock market this week, after Trump announced sweeping new tariffs backed by Navarro, cost Musk nearly $18 billion just on his Tesla stock.

By wading into the tariff debate, a subject he's mostly stayed away from, Musk could inject more uncertainty into U.S. efforts to re-order the global economy.

I am so happy maga is getting what they voted for

World’s richest billionaires lost $200bn in single day after Trump’s tariffs rocked markets Carlos Slim was one of few to see his net worth rise - but Elon Musk, Mark Zuckerberg and others saw billions wiped off their wealth

WOW.. Trump slaps tariffs on April 2, 2025, and you’re already blubbering like a gutless simp while the Dow hemorrhages 2,000 points on Friday. The market vaporizes $2 trillion in 20 minutes—a 4-5% S&P disembowelment—and you’re sniveling like it’s your last dime? A 10% baseline tariff on every import, jacked higher for trade-surplus vultures, is Trump’s machete hacking at a $1.2 trillion trade deficit from last year, and you’re too pathetic to stomach the blood? Musk, down $18 billion on Tesla stock in two days, still has the spine to excoriate Navarro and demand zero tariffs, while you’re mewling in the corner. The Wall Street Journal’s conservative sages warned this global upheaval would shred illusions of a ‘golden age,’ not coddle weaklings. If a basic formula—trade deficit divided by imports, floored at 10%, so simple ChatGPT could barf it up—unravels your fragile little soul, crawl back to your sandbox. This is a fight, not a bedtime story, you cowardly fool. Cry baby cry.

I m not crying I am laughing and why are you insulting me personally? (dont start insulting people if you do not have a comeback )

and please dont do personal attacks

The market has been through a housing crash, a dotcom bubble, a global pandemic, and the twin headwinds of the Russia-Ukraine war and runaway inflation in recent history, but no downturn caused by the policy of a U.S. president. That’s now changed.

“This is the Trump recession.”

Those were the words of a U.S.-based chief executive officer in response to a flash survey CNBC circulated among members of its CEO Council in the days after President Trump’s sweeping tariffs announcement Wednesday.