Trump escalates tariffs

The screw tightens as the U.S. doubles down on its tariff measures on April 2, a so-called “Liberation Day", according to President Donald Trump. Sweeping tariffs unveiled a minimum 10 percent tariff on all trading partners, as well as so-called "reciprocal" actions on dozens of countries. Under Trump's plan, the U.S. will add a new 34 percent tariff on Chinese goods, on top of the 20 percent tariff that he has already imposed on Beijing in recent months. Will this plan truly "Make America Wealthy Again"? What's on Trump's mind this time around? How will the global economy bear the pressure?