President Donald Trump on Wednesday announced the largest increase in tariffs in modern U.S. history, unveiling import taxes that he said would revive domestic manufacturing and amount to a national “Declaration of Economic Independence.”

Today on “Post Reports,” financial writer David Lynch joins host Colby Itkowitz to discuss the impact of these tariffs on the American economy, and on your wallet.

Today’s show was produced by Sabby Robinson and Ariel Plotnick, with help from Rennie Svirnovskiy. It was edited by Lucy Perkins and mixed by Sean Carter. Thanks to Jen Liberto.

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How Trump's new tariffs could tank the economy

Post Reports