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The “Liberation Day” Jolt
Much Higher-Than-Expected New Tariffs
By Jimmy C. Chang, CFA Chief Investment Officer, Rockefeller Global Family Office
Jimmy C. Chang, CFA, Chief Investment Officer at Rockefeller Global Family Office, provides a critical analysis of President Trump’s aggressive new tariffs in his latest article, The “Liberation Day” Jolt.
These sweeping trade measures—imposing steep tariffs on major U.S. trading partners—are expected to disrupt global supply chains, increase inflation, and heighten recession risks.
Chang explores the economic ramifications, potential retaliatory actions from global partners, and the uncertain path forward for businesses and investors. He also discusses strategies for navigating this challenging economic landscape.
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The need for fact-based reporting of issues important to family owned businesses and protecting a lifetime of savings has never been greater. Now more than ever, successful families and family owned businesses are under fire. That's why Family Enterprise USA is passionately working to increase the awareness of issues important to family owned businesses built on hard work, while continuing to strengthen our presence on Capitol Hill. The issues we fight for or against with Congress in Washington DC include high income tax rates, possible elimination of valuation discounts, increase in capital gains tax, enactment of a wealth tax, and the continued burden of the gift tax, estate tax and generation skipping tax.
Family Enterprise USA promotes generationally owned family business creation, growth, viability, and sustainability by advocating for family businesses and their lifetime of savings with Congress in Washington DC. Since 2007, Family Enterprise USA has represented and celebrated all sizes, professions and industries of family-owned enterprises and multi-generational employers. It is a bi-partisan 501.c3 organization. Family foundations can donate.
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