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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.

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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.

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Check out 53 of the best Liberation Day memes below:

1.

Liberation Day tariff meme.
@TiffanyFong_/X

2.

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Liberation Day tariff meme of Kombucha Girl.
@conksresearch/X

3.

Liberation Day tariff meme. Text reads, "'president dealmaker' revealing the ace up his sleeve (completely avoidable recession)"
@GorillaOSINT/X

4.

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Liberation Day tariff meme.
@HighyieldHarry/X

5.

Liberation Day tariff meme. Text reads, "Does anyone know if we have global economy tomorrow"
@PanasonicDX4500/X

6.

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Liberation Day tariff meme of the "I mean it's one banana Michael. What could it cost? 10 dollars?" and OP says, "as of today this joke no longer works."
@MikeIsaac/X

7.

Liberation Day tariff meme.
@litcapital/X

8.

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Liberation Day tariff meme. Text reads, "how it feels to watch the economy collapse through memes on twitter" with Matthew McConaughey smoking and looking stressed.
@kyliebytes/X

9.

Liberation Day tariff meme. Text reads, "Sir, the Americans don't know that Martinique and Guadeloupe are part of France, they have only slapped a 10% tariff on them."
@phl43/X

10.

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Liberation Day tariff meme.
@HighyieldHarry/X

11.

Liberation Day tariff meme. Text reads, "Liberate us? From Cambodia? Aren't they poor?"
@buccocapital/X

12.

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Liberation Day tariff meme with a photo of Trump holding the tariffs list. Text reads, "Me looking at the signature cocktails on the menu knowing damn well I’m ordering a double vodka soda"
@litcapital/X

13.

Liberation Day tariff meme.
@Geiger_Capital/X

14.

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Liberation Day tariff meme.
@TrungTPhan/X

15.

Liberation Day tariff meme. Text reads, "How long does it take for companies to build factories in America, a couple days or so?"
@esjesjesj/X

16.

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Liberation Day tariff meme, "Are you winning son" meme turned into "are you tired of winning?" with Donald Trump at the door.
@JPATrades/X

17.

Liberation Day tariff meme.
@MidnightMitch/X

18.

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Liberation Day tariff meme.
@ChampagneAnyone/X

19.

Liberation Day tariff meme.
@alifarhat79/X

20.

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Liberation Day tariff meme.
@alifarhat79/X

21.

Liberation Day tariff meme. Jerry asking Kramer, "What's going on here?" Kramer replies, "IT's a trade war, Jerry."
@SASForPres/X

22.

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Liberation Day tariff meme.
@PunishedAriele/X

23.

Liberation Day tariff meme of J.D. Vance saying, "But have you said Thank You once?"
@TheLongInvest/X

24.

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Liberation Day tariff meme.
@yhdistyminen/X

25.

Liberation Day tariff meme.
@Blake_Allen13/X

26.

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https://twitter.com/wholelottatr3y/status/1907605850707079435

27.

28.

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Liberation Day tariff meme. Google search of, "learn chinese near me"
@jackfromohio/X

29.

Liberation Day tariff meme.
@P_Kallioniemi/X

30.

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@P_Kallioniemi/X

31.

Liberation Day tariff meme.
@Angelica_Reed1/X

32.

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Liberation Day tariff meme.
@tomieinlove/X

33.

Liberation Day tariff meme.
@ArmandDoma/X

34.

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Liberation Day tariff meme.
@WireCaps/X

35.

Liberation Day tariff meme.
@mattyglesias/X

36.

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@RonFilipkowski/X

37.

@SocDoneLeft/X

38.

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@h0serr/X

39.

@litcapital/X

40.

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@TristanSnell/X

41.

@JosephPolitano/X

42.

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@GrablyR/X

43.

@randlechris/X

44.

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@brewmarkets/X

45.

@NotHoodlum/X

46.

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@trumpeggscost/X

47.

@CramerTracker/X

48.

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@hasanthehun/X

49.

@boopyape/X

50.

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@maartenvda/X

51.

@litcapital/X

52.

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@netcapgirl/X

53.

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