President Donald Trump’s forthcoming tariffs are set to take effect immediately following their announcement on April 2. The tariffs are part of a “reciprocal” approach, targeting countries that have tariffs or non-tariff barriers affecting U.S. exports.
“My understanding is that the tariff announcement will come tomorrow. They will be effective immediately,” said Press Secretary Karoline Leavitt. Trump has been building anticipation around April 2, referring to it as America’s “liberation day.“ He has described this policy as “the big one” and stated it will start with all countries.
The specifics of these tariffs, including their rates and targeted countries, remain unclear. However, they are expected to apply broadly across multiple nations, potentially triggering a global trade conflict. Trading partners might retaliate with their own tariffs, complicating international trade dynamics. Despite these risks, Trump’s administration believes these tariffs are crucial for revitalising U.S. manufacturing and creating jobs.
Trump has already implemented several tariffs since returning to office. These include steep tariffs on goods from China, Canada, and Mexico, as well as industry-specific tariffs on metals and, most recently, imported vehicles. A 25% tariff on imported passenger vehicles and certain auto parts is scheduled to take effect on April 3.
The international community is watching these developments closely. The European Union has already introduced counter-tariffs on U.S. goods in response to previous steel and aluminum tariffs. China has also retaliated with tariffs on U.S. agricultural products.
Domestically, the tariffs are seen as a key component of Trump’s economic agenda. While they aim to boost U.S. industries, economists caution that they could disrupt global supply chains and lead to higher consumer prices.
As Trump prepares to announce these tariffs in the White House Rose Garden, the world awaits with anticipation. Despite the uncertainty surrounding the specifics of these tariffs, one thing is clear—they represent a major shift in how the U.S. engages with its trading partners.
Leavitt noted that Trump “said last night he has made a decision” on the level of tariffs he will impose. “I don’t want to get ahead of the President. This is obviously a very big day. He is with his trade and tariff team right now, perfecting it to make sure this is a perfect deal for the American people and the American worker, and you will all find out in about 24 hours from now,” she said.