After months of uncertainty, “Liberation Day” finally arrived. On Wednesday, President Donald Trump gathered the people he loves most, his inner circle and the legacy media, to announce his big and not-so-beautiful tariff strategy, lauding it as a “declaration of economic independence.”

Using national emergency powers — because the word “emergency” is the executive branch’s favorite cheat code — 10% tariffs are being placed on all imports into the United States, while higher tariffs will be placed on goods from dozens of other countries that have a high trade deficit with the U.S.