From the New York Times, I'm Rachel Abrams. This is the Daily.

In a history-making day of tariffs against dozens of countries, President Trump ended one era of global trade and began a new one.

Today, my colleague Anna Swanson

on how the world's economy is being upended

and who will be affected most.

It's Thursday, April 3rd.

Hi, Anna.

Hey, how are you?

I'm good.

I'm really curious what your day has been like.

Well, it's been exciting Liberation Day.

That's right.

We're here at 7.52 at night. It's been pretty Liberation Day. That's right. We're here at 7.52 at night.

Then pretty full day.

So, Anna, obviously today has been incredibly busy.

But really, the news on the tariffs over the last few months has been totally headspinning and frankly kind of hard to follow.

And we're speaking to you shortly after President Trump has come out to the Rose Garden and announced this expansive new plan. We all watched it here at the Daily, and there's a lot to get

into. But I just want to start off with, can you walk us up to this moment? Yeah. So President Trump

came into office promising to reorder the global trading system for the United States.

And in the last few weeks and months, we've really seen him do that.

He has announced sweeping tariffs on some of the country's biggest trading partners, on Canada, on Mexico, on China. He's targeted

different industries like automobiles and steel and aluminum. And then today, he was going to come

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