Trump’s Liberation Day Tariffs Target ‘Dirty 15’ as Trade Friction Escalates

Trump’s Liberation Day Tariffs Target ‘Dirty 15’ as Trade Friction Escalates

President Donald Trump is set to announce a series of substantial reciprocal tariffs, likely to be unveiled on Wednesday. This initiative, termed “Liberation Day” by his administration, targets several nations as part of its strategy to address persistent trade imbalances.

The Trump administration firmly believes that numerous countries partake in unfair trade practices, negatively impacting the U.S. economy. As the nation grapples with a record trade deficit of $1.2 trillion projected for 2024, the introduction of tariffs aims to amend these imbalances.

While there have been hints regarding the impending tariffs, the White House has remained tight-lipped about the specifics. Speculation has arisen surrounding a list of countries, popularly referred to as the “Dirty 15”, which might soon face these new duties.

Understanding the ‘Dirty 15’

The term “Dirty 15” originated from comments made by Treasury Secretary Scott Bessent during a FOX Business interview on March 18. He indicated that these countries constitute 15% of total trade deficits with the U.S. Although he did not name specific nations, it has sparked considerable speculation.

Nevertheless, the Trump administration has provided clues that point towards certain countries in various official documents. For instance, a notice from the Office of the U.S. Trade Representative referenced a review of “unfair” trade practices that included Argentina, Australia, Brazil, Canada, China, the European Union, India, Indonesia, Japan, Korea, Malaysia, Mexico, Russia, Saudi Arabia, South Africa, Switzerland, Taiwan, Thailand, Turkey, the United Kingdom, and Vietnam.

Countries with Significant Trade Deficits

The 2024 Commerce Department trade deficit report further identifies countries with the highest deficits with the U.S. This list includes China, the European Union, Mexico, Vietnam, Ireland, Germany, Taiwan, Japan, South Korea, Canada, India, Thailand, Italy, Switzerland, Malaysia, and Indonesia.

Despite requests for correspondence, the Treasury Department did not respond to inquiries from Fox News Digital regarding the tariff specifics. The White House has similarly remained silent on which countries will face the new duties and the complete roster of the “Dirty 15”.

Broader Scope of Tariffs

President Trump has suggested that the tariffs may extend beyond the initially rumored fifteen countries. He indicated to reporters aboard Air Force One that these tariffs could affect all nations, stating, “You’d start with all countries.” This pronouncement signals a potential escalation in trade tensions as the administration emphasizes a comprehensive approach.

Anticipation of Immediate Action

White House Press Secretary Karoline Leavitt informed the media that Trump would meet with his trade team on the day prior to the tariff announcement. Following a ceremony set to take place in the Rose Garden, these tariffs are expected to take effect immediately.

Leavitt asserted that Liberation Day will be a pivotal event in modern American history. She relayed that Trump has engaged in discussions with various countries concerning the impending tariffs, affirming that numerous nations have contacted the President and his team to discuss the implications.

Addressing Concerns and Criticism

Concerns have surfaced regarding the potential economic repercussions of these tariffs. Lawmakers across the spectrum have echoed apprehensions about how these measures might impact consumers. Former Senate Majority Leader Mitch McConnell expressed worries in February, warning that broad tariffs could lead to increased costs for consumers.

Despite such criticisms, Leavitt maintained that the tariffs would ultimately reinforce the U.S. economy. She stated, “It is going to work, and the president has a brilliant team of advisors who have been studying these issues for decades. We are dedicated to restoring the Golden Age of America and revitalizing it as a manufacturing superpower.”

What to Expect from New Tariffs

Although details remain sparse, these upcoming reciprocal tariffs are anticipated to align with the tariff rates of other nations. They will also address regulatory matters, government subsidies, and exchange rate policies aimed at alleviating trade barriers.

In his own words, Trump has articulated his intention to rectify longstanding grievances. He commented, “For DECADES we have been ripped off and abused by every nation in the World, both friend and foe. It is finally time for the Good Ol’ USA to get some of that MONEY, and RESPECT, BACK. GOD BLESS AMERICA!!!” This statement underscores the administration’s vigorous approach to international trade.

Previous Tariff Measures

The Trump administration has already implemented a series of tariffs, including a 20% levy on Chinese imports and 25% tariffs on steel and aluminum. Additionally, they have imposed up to 25% tariffs on specific products from Mexico and Canada, alongside a 25% tariff on imported vehicles. These previous steps set a precedent for the forthcoming actions on Liberation Day.

Fox News’ Emma Colton contributed to this report.