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Trump to Announce New Targeted Tariffs on April 2

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by Giorgi Kostiuk

2 days ago


On April 2, Donald Trump plans to announce new tariffs targeting countries that have imposed restrictions on the US. This announcement, related to the so-called "Liberation Day," could affect markets and international relations.

Trump's "Liberation Day" Plans

Trump is preparing to announce new tariffs on April 2, targeting countries with restrictions and tariffs on the US. Although details are yet to be disclosed, sectoral tariffs on automobiles, chips, and lumber may be included. The anticipation of this announcement may ease market tensions.

April 2nd is going to be liberation day for America. We’ve been ripped off by every country in the world, friend and foe.Donald Trump

Focus on "Reciprocal Tariffs"

Trump's administration is focused on conducting fair trade through "reciprocal tariffs." This means imposing tariffs on countries that restrict US goods. Countries like the EU, Japan, and China may be on the list, though specific details are not yet known.

"Liberation Day" May Include Tariff Reductions

The April 2 announcement may include both increases and reductions in tariffs. Trump has previously imposed and lifted tariffs on Canada and Mexico. The administration is considering tariff reductions for certain products based on trade restrictions.

It’s 15% of the countries, but it’s a huge amount of our trading volume.Scott Bessent

Trump's tariffs plan may lead to changes in the global market and affect US trade relations with several countries. The forthcoming impact of this decision will be observed soon.

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