Liberation Day: The stock market is crashing, but at least we got these 53 memes out of it
President Trump's recent "Liberation Day" announcement regarding tariffs has caused a flood of memes across social media.
On April 2, 2025, President Donald Trump declared a national economic emergency, imposing a minimum 10% tariff on imports from nearly all countries. This move, aimed at revitalizing American manufacturing, has affected around 60 nations, including allies like the UK, Australia, and the European Union. Notably, the tariffs extended to remote territories such as the Heard and McDonald Islands, which are uninhabited Australian territories home only to penguins and other wildlife.
The inclusion of these remote islands in the tariff list sparked widespread amusement online. Social media users quickly seized upon the absurdity, leading to a flurry of memes and jokes. Many have latched onto the idea of taxing penguins, while some global political leaders are left scratching their heads about the reasoning behind some of the numbers. Responses and retaliatory tariffs are likely to follow.
The internet's reaction isn't limited to the penguin-inhabited islands. Memes also targeted the broader implications of the tariffs. Despite the humor, folks expressed concern over the potential economic impacts of these tariffs. Critics argue that such sweeping measures could lead to increased consumer prices and strained international relations. Already, the stock market has plummeted and the value of the dollar has dropped significantly.
Check out 53 of the best Liberation Day memes below:
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