US President Donald Trump’s raft of “Liberation Day” tariffs will take effect immediately after he unveils them on Wednesday, White House Press Secretary Karoline Leavitt said.
“My understanding is that the tariff announcement will come tomorrow; they will be effective immediately,” Leavitt told reporters on Tuesday, adding she had just spoken to Trump about the issue.
Donald Trump’s impending tariff announcement has put the world’s major economies on alert, raising fears of a global trade war.
He has kept both allies and rivals uncertain about the specifics—who will be affected and to what extent—but has assured he will be “very kind” when unveiling the measures on what he calls “Liberation Day” this Wednesday.
Concerns over a trade war have unsettled markets, with worries mounting about a potential U.S. recession. Trump remains firm on imposing reciprocal tariffs against countries that tax U.S. exports, pledging to match their duties.
Content retrieved from: https://www.firstpost.com/world/trumps-liberation-day-tariffs-to-take-effect-immediately-after-announcement-white-house-13876457.html.
