President Donald Trump will announce his reciprocal tariff push on Wednesday throughout an occasion within the White Home Rose Backyard, his prime spokeswoman stated.
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Printed Mar 31, 2025 • 1 minute learn
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President Donald Trump will announce his reciprocal tariff push on Wednesday throughout an occasion within the White Home Rose Backyard, his prime spokeswoman stated.
White Home Press Secretary Karoline Leavitt stated Monday the announcement would characteristic “country-based” tariffs. She stated the president can be “dedicated to implementing” sectoral duties however that they weren’t the main target of the April 2 occasion and deferred to Trump concerning the timing of these. Members of Trump’s Cupboard would attend the announcement, Leavitt stated.
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“The president shall be saying a tariff plan that may roll again the unfair commerce practices which were ripping off our nation for many years,” Leavitt informed reporters on the White Home. “It’s time for reciprocity and it’s time for a president to take historic change to do what’s proper for the American individuals.”
Leavitt declined to offer particulars when requested concerning the charge of the reciprocal tariffs and which international locations could be hit. She stated there are “no exemptions presently” in response to a query about whether or not decrease duties could be utilized to merchandise utilized by American farmers.
The spokeswoman pointed to examples of tariff charges from the European Union, Japan, India and Canada whereas chatting with reporters, signaling these entities are among the many targets of the president’s new levies.
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Trump has billed April 2 because the launch of sweeping duties which can be the centerpiece of his plan to rebalance world commerce, increase US manufacturing and inject tariff income into authorities coffers to fund home priorities, together with a serious tax lower.
However the uncertainty surrounding his plans have triggered fears they may blow up provide chains and lift costs for US shoppers, fueling a weeks-long selloff on Wall Road that prolonged into Monday.
“Wall Road will work out simply fantastic on this administration, similar to they did within the first time period,” Leavitt stated.
—With help from Josh Wingrove.
(Updates with new particulars beginning in fourth paragraph)
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