An economist says Donald Trump's 'liberation day' could better be described as 'watch your wallet day'.
The US President will be announcing his next round of tariffs in about half an hour.
Dartmouth College Economics Professor Douglas Irwin say tariffs could be across the board or set specifically to each country.
He told Mike Hosking a blanket option would create a lot of economic pain.
Irwin says that includes fruit, clothes, shoes, and other manufactured goods.
LISTEN ABOVE

Best of 2025: Chris Hipkins defends decision not to front Covid Inquiry on the Mike Hosking Breakfast
08:52

Best of 2025: Mike's Minute - Here's the truth on working from home
01:45

Best of 2025: Kate calls out Mike during Wrapping the Week on the Mike Hosking Breakfast
10:27