Former President Donald Trump has released seven additional tariff letters this week, detailing updated tariff rates for 21 nations. These new rates are being compared to those implemented on April 2, known as 'Liberation Day,' when the United States imposed a 145% tariff on Chinese goods. Despite a moderation in the pace of tariff increases since Liberation Day, tariffs have continued to rise steadily. Analysts and economists have expressed concerns that this ongoing escalation is negatively impacting the U.S. economy, with some describing the tariff policy as detrimental to economic growth.