White House Invokes IEEPA for "Liberation Day" Tariffs on 185 Nations

President Trump signed an executive order invoking the International Emergency Economic Powers Act (IEEPA) to impose sweeping reciprocal tariffs on 185 countries, calling April 2 "Liberation Day." The order imposed a 10% baseline tariff on all imports with higher country-specific rates — up to 50% — based on perceived trade imbalances. The action marked the broadest use of emergency trade powers in U.S. history.