The President of the United States Donald Trump is ready to release new tariffs on April 2, which the 78 -year -old declared a “day of liberation”.
Given that global economic trade and markets are anxiously awaiting the next Salvo Donald Trump, we answer big questions – how many tariffs are the US, which countries will be in the fire line and what is the likely impact?
When will Donald Trump announce new tariffs?
According to the White House, Donald Trump will make its announcement in Rose Garden at 16:00 local time 2 April. For international spectators it is 20:00 GMT 2. April and for Indian viewers it will be around 1.30 pm.
In an interview with reporters, the White House’s press secretary Karoline Leavitt said that the new tariffs would become “immediately” after the launch of April 2.
What to expect from Donald Trump’s new tariffs?
It should be noted that neither Donald Trump nor his administration was explicitly about what to expect from this latest announcement of the tariff. Leitt told reporters that Trump had met his best advisors on the eve of the announcement: “Improving to make sure it is a perfect business.”
According to the White House, finer points are still being discussed, but the goal would be to deal with what Donald Trump calls “business imbalance” between the US and other countries.
In previous interviews and speeches, Donald Trump has repeatedly emphasized the “mutual tariffs” of the tit-for-first. When he spoke at public events, press conferences and gatherings, he promised “golden age” for US companies and “stopped” to be “torn”.
More reports in the American media speculate that Donald Trump can store a blanket of 20 % tariff or even look for preferential treatment negotiations with some countries.
The BBC report agreed that During its election campaign, Donald Trump was for the general 10 % of the tariffs for all imports to the US and threatened China 20-60 %. Since he took the office, “if they charge us, we charge”, it has been its motto, indicating the adapted access.
What countries could affect the new Trump tariffs?
European Union officials are preparing for two -digit tariffs for exports from their region, the BBC report. He noted that Donald Trump had previously threatened 25 % of the EU tariffs.
When he talked to reporters, Donald Trump did not fall names, but he said that new tariffs could be for “all countries”. However, there is no official statement or consensus. For example, the Secretary of the US Ministry of Finance Scott Bessnt said in March that it would focus on 15 percent of countries that have the highest business with the US, while the US sales representative said it has a list of countries that are “particularly interested”, the report added.
So who is on the list? Vietnam, Great Britain, Turkey, Thailand, Tai -wan, Switzerland, South Korea, South Africa, Saudi Arabia, Russia, Mexico, Malaysia, Japan, Indonesia, EU, China, Canada, Brazil, Australia and Argentina.
What is the likely impact of new Trump tariffs?
The moment the announcement time was set, it was set after Wall Street markets in the US. However, Asian markets will open a few hours later and are expected to first tell the story of the impact. Then the global scenario slowly develops.
While critics warned that tariffs would merely increase the burden for US consumers, because importers would exceed prices and price increases, Donald Trump insists that it will bring “rebirth” of American enterprises.
For now, with all uncertainties, it is a game of waiting and watching.
(With the entry from agencies)
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