President Trump’s Highly Anticipated Tariffs Set to Take Effect Immediately, White House Announces
President Trump’s highly anticipated tariffs are set to take effect immediately, leaving many on edge as the White House announced the “Liberation Day” trade policy. The administration’s move is expected to be the most aggressive tariff action yet by the tariff-obsessed president.
Details of the tariffs remain unknown, even to Trump himself, as he meets with his trade team to finalize the plan. The announcement is scheduled for a Rose Garden ceremony on Wednesday at 4 pm ET.
While Trump has hinted at sweeping new tariffs, the specifics of the plan are still unclear. It is uncertain whether the tariffs will apply to all US trading partners, only some countries, or if there will be a universal tariff on all imports.
In a recent statement, Trump mentioned that he had heard India was dropping its tariffs on American goods substantially. He also suggested that the tariffs could actually help countries do better economically, although he did not provide further details on how that would work.
Trump’s tariff agenda has received mixed reactions from his advisers, with differing opinions on the approach and scope of the tariffs. Despite concerns that the tariffs may push countries to side with China, Trump remains confident that they will benefit from the new trade policies.
The European Union has already dropped its tariffs on US-made cars to 2.5 per cent, according to Trump. The president is set to unveil his new tariff plan, dubbed “Liberation Day,” in his first Rose Garden press conference of his second term.
