The White House has confirmed a major shift in U.S. trade policy. According to sources, U.S. President Donald Trump will impose new tariffs on Wednesday following his announcement. White House spokesperson Karoline Leavitt noted that reciprocal tariffs on countries imposing duties on U.S. goods will take effect immediately after the declaration, scheduled for 4 p.m. Eastern Time (2000 GMT).
One of the standout measures is a 25% tariff on auto imports, set to begin on April 3. Other details remain under wraps, but reports hint at a broader strategy—possibly a 20% increase on duties for products from nearly every country. Some discussions even suggest these tariffs could generate over $6 trillion in revenue, with potential rebates to benefit Americans.
This bold move is already sparking conversations among businesses, investors, and consumers around the globe. It feels like a twist straight out of a blockbuster plot—one that could redefine international trade rules. Stay tuned for more updates as this story unfolds! 🚀🌍
Reference(s):
White House: Broad tariffs effective immediately after announcement
cgtn.com
