Trump to announce tariff plan on April 2, 'Liberation Day'
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USA TODAY |
Trump has vowed to expand on his perceived bargaining tool by introducing additional tariffs on these nations on Wednesday.
CNN |
President Trump is expected to announce new sweeping tariffs on imported goods into the United States.
CNN |
Trump will unveil his tariff plan on Wednesday in his first Rose Garden press conference of his second term, White House press secretary Karoline Leavitt told reporters Monday.
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Ever since he returned to office for a second term in January this year, Donald Trump has constantly proved to be aggressive with tariff threats.
Investors are concerned about President Trump's plans to roll out new tariffs on April 2, which economists say could reignite inflation.
U.S. President Donald Trump still intends for new reciprocal tariff rates to take effect on April 2, the White House said on Tuesday, despite earlier comments from Treasury Secretary Scott Bessent that indicated a possible delay in their activation.
Trump claims India will significantly reduce tariffs on U.S. imports, ahead of his reciprocal tariff announcement, as trade tensions continue between the two nations.
Trump has repeatedly referred to April 2 as "liberation day," saying a wide-ranging slate of reciprocal tariffs would rebalance U.S. trade relationships. Trump's plan for reciprocal tariffs next week, however, is expected to be narrower than he previously vowed, though the plan remains under discussion, sources told ABC News this week.
Analysts predict that reciprocal tariffs starting April 2 may impact equity markets, along with overseas market trends and FII activity. Investors will also focus on global developments, PMI data, rupee-dollar trends,