World, markets on edge as Trump prepares for ‘Liberation Day’ tariffs
Al Jazeera
Donald Trump’s US tariffs will take effect immediately after he unveils them on Wednesday, according to the White House.
The White House has confirmed that US President Donald Trump will impose new tariffs this week, but it provided no details about the size and scope of the measures that have raised concerns over an intensifying 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 announcing tariffs on Wednesday, which he has dubbed “Liberation Day”. In recent weeks, he has made several tariff announcements, then quickly changed tack on them.
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.
White House Press Secretary Karoline Leavitt said on Tuesday that Trump’s tariffs will take effect immediately after he unveils them on Wednesday.
The Republican leader, an advocate of tariffs for decades, said on Monday night that he had “settled” on a plan, but refused to reveal its specifics.
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