Donald Trump says tariffs are coming. That message from the US president has been consistent.
But what tariffs and when? Import taxes have come so thick and fast since he took office that it can be hard to keep track.
Trump has already raised duties on Chinese imports, steel, aluminium and some goods from Canada and Mexico. Higher levies on cars are due to go into effect this week.
We’re now waiting for Trump to unveil the details of his plan for a wider set of tariffs, which his team has spent the last few weeks developing.
The White House is calling it “Liberation Day”. So what might we learn on Wednesday?
Karoline Leavitt ahead of Liberation Day tomorrow:
“The president’s historic action tomorrow will improve American competitiveness in every area of industry, reduce our massive trade deficits, and ultimately protect our economic & national security.”
pic.twitter.com/8stvMzCZVT— Benny Johnson (@bennyjohnson) April 1, 2025
‘In the long run, we’re all dead’: Trump allies struggle with trade uncertainty
President Donald Trump is fêting his new tariffs with a Rose Garden “Liberation Day” festival.
Wall Street traders, lawmakers, industry leaders, foreign officials and even some members of the president’s team see only dread.
Trump, at a Wednesday afternoon “Make America Wealthy Again” ceremony, will formally announce a series of new, so-called reciprocal tariffs on U.S.’s global trading partners that he says will restore fairness, free the country from a dependence on foreign goods and stimulate the economy.
