The President's so-called "Liberation Day" tariffs take effect Thursday, raising economists' concerns of the potential financial burden on businesses and consumers.

The President's so-called "Liberation Day" tariffs take effect Thursday, raising economists' concerns of the potential financial burden on businesses and consumers. WASHINGTON —

President Donald Trump's so-called "Liberation Day" tariffs take effect Thursday on nearly 60 countries . Economists warn that both businesses and consumers will bear the financial burden as importers face taxes of up to 41% to bring goods into the U.S.

Trump argues the tariffs will bring balance to global trade and incentivize companies to bring manufacturing back home.

"We want them to come home. They have to come home. We're going to tre

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