Overview

• Donald Trump will announce sweeping tariffs on all global trading partners during a White House event on April 2, 2025, at 4 PM EDT.
• The tariffs will take immediate effect following the announcement, with no exemptions for any countries.
• Framed as a move to achieve trade reciprocity, the tariffs reflect the administration's broader protectionist economic agenda.
• Trump has referred to the announcement day as 'Liberation Day,' emphasizing the tariffs as a historic step to reclaim economic fairness for the U.S.
• Economists and global markets are bracing for significant disruptions, including inflationary pressures, retaliatory measures, and supply chain instability.