What you need to know about Trump's reciprocal tariffs

Tariffs are back in focus this week. In addition to President Trump’s announcement of 25% tariffs on imported vehicles and foreign-made auto parts, the commander in chief is set to announce his reciprocal tariff plan on April 2, which he is referring to as, “Liberation Day.” On this week’s episode of Capitol Gains, anchor Madison Mills, Washington Correspondent Ben Werschkul, and Senior Columnist Rick Newman break down the latest on the tariff front and what it means for Americans and their bottom lines. The trio is also joined by Peterson Institute for International Economics senior fellow Mary Lovely to further discuss tariffs and their economic impact. Watch more episodes of Capitol Gains here. Capitol Gains is Yahoo Finance’s unique look at how US government policy will impact your bottom line long after the Presidential election polls have closed. Thoughts? Questions? Fan mail? Email us at [e-mail] Learn more about your ad choices. Visit megaphone.fm/adchoices