President Trump unveiled a universal import duty of 10% on all products, as well as reciprocal tariffs on imports from 60 nations.
It comes as the president recently announced a 25% tariff on imported vehicles and some auto parts among other tariffs.
Wall Street is hoping April 2 will provide clarity on the U.S. tariff front and a reprieve from the recent market volatility.
President Donald Trump has repeatedly called April 2 “Liberation Day,” with promises to roll out a set of tariffs, or taxes on imports from other countries, that he says will free the U.S. from a reliance on foreign goods.
Trump has repeatedly referred to April 2 as "liberation day," saying a wide-ranging slate of reciprocal tariffs would rebalance U.S. trade relationships. Trump's plan for reciprocal tariffs next week, however, is expected to be narrower than he previously vowed, though the plan remains under discussion, sources told ABC News this week.
Dubbing it America’s “Declaration of Economic Independence,” President Trump signed an Executive Order implementing discounted reciprocal
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President Donald Trump is "always up for a good negotiation," the White House said as the administration is gearing up to announce April 2 "Liberation Day" tariffs.
President Donald Trump is barreling toward a self-imposed April 2 deadline for sweeping tariffs and is threatening additional ones on foreign adversaries this weekend even as he’s expressed openness to making deals.
Analysts and other industry figures have weighed in on the potential impact of US President Donald Trump's tariffs,