Overview

• Donald Trump will announce a new wave of 'reciprocal' tariffs today, aimed at addressing trade imbalances by matching the tariff rates imposed by other countries on U.S. goods.
• The measures include a 25% tax on foreign-made cars and auto parts, set to take effect on April 3, 2025, at 04:01 GMT.
• The scope and duration of the tariffs remain unclear, but they are expected to target countries with significant trade surpluses with the U.S., such as China, the EU, and Canada.
• Global markets have experienced volatility in anticipation of the announcement, with Asian and European stock markets showing declines earlier this week.
• Trade partners, including the EU, Canada, and China, are preparing potential retaliatory measures, while some nations like Vietnam and Japan are taking preemptive steps to mitigate the impact.