Donald Trump’s plan to impose sweeping tariffs on imported goods, including cars and parts, aims to revitalize American car manufacturing. Dubbed ‘Liberation Day,’ the initiative is set for April 2nd. However, the plan is fraught with challenges. Higher tariffs could lead to increased prices, reducing consumer choice and sales in the American market. Automakers may also face reduced profits, complicating efforts to restore domestic car production. — new from The Economist