Reciprocal tariffs on all imports to the US are scheduled to kick in from today. Donald Trump calls it 'Liberation Day' for US trade. The strategy is to weaponise tariffs to force countries to lower trade barriers and improve the competitiveness of US manufactured products. 'We're going to be very nice, relatively speaking, we're going to be very kind,' he said on Monday, adding that he'd be making the announcements on Tuesday night or Wednesday.