From Bloomberg Markets and Finance.

On today’s Big Take episode, David Gura and Shawn Donnan discuss President Trump’s reciprocal tariffs plan and the impact it could have on the economy https://trib.al/oHbFFcV

President Donald Trump is calling April 2nd “Liberation Day” — that’s when the president says the world can expect the biggest salvo in his widening trade war. While the specifics are not yet clear, the symbolism is: Trump wants to usher in an era of American protectionist policy that could re-order global trade.

Today on the show, Bloomberg’s Shawn Donnan joins host David Gura to discuss what we know about these new tariffs and the lessons from similarly broad tariffs in 1930. Plus, a new Bloomberg analysis of the economic impact the tariffs could have on the US economy.