‘Announcement Tomorrow, Effective Immediately’: Trump’s Tariffs Blitz To Begin Without Delay
US President Donald Trump's "Liberation Day" tariffs will take effect immediately after their announcement on Wednesday, said White House Press Secretary Karoline Leavitt.
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.
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Donald Trump had the world’s leading economies on edge Tuesday as the US president prepared to unveil a promised raft of tariffs that could trigger a cascading global trade war.
Trump kept rivals and allies alike guessing about who would be targeted and by how much, but promised to be “very kind" when addressing what he has dubbed “Liberation Day" on Wednesday.
Global stocks remained volatile ahead of the so-called “reciprocal tariffs," which Trump says are necessary to combat unfair trade imbalances with countries that target the United States.
The Republican billionaire, a fan of tariffs for decades, said on Monday night that he had “settled" on a plan but kept the world in suspense as he refused to reveal the details.
Trump would only say that the tariffs would be lower than what other countries would be charging the United States, adding that “we sort of have a world obligation perhaps."
“We’re going to be very nice, relatively speaking, we’re going to be very kind," he said in the Oval Office.
Trump is set to hold a “Make America Wealthy Again" press conference in the Rose Garden at the White House at 4:00 pm (2000 GMT) on Wednesday.
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