The president on Wednesday will announce sweeping tariffs that he says will restore fairness to the global trading system
U.S. President Donald Trump was expected to impose sweeping new reciprocal tariffs on global trading partners on Wednesday, upending decades of rules-based trade, risking cost increases and likely drawing retaliation from all sides.
Details of the tariff plans, styled by Trump as America’s “Liberation Day”, were still being formulated ahead of a White House Rose Garden announcement ceremony scheduled for 4 p.m. Eastern Time (2000 GMT).
- 25% global tariff on auto imports will take effect today
- White House closely guarded details of tariffs for major US trading partners coming later today
- Trump aims to match countries’ tariff rates, offset other barriers
- White House tariff announcement planned for 4 p.m. EDT/2000 GMT
- New duties to stack on top of Trump’s tariffs on cars, metals, Chinese goods
Read more:
https://www.reuters.com/world/us/trump-escalate-global-trade-tensions-with-new-reciprocal-tariffs-us-trading-2025-04-02/
https://www.npr.org/2025/04/02/nx-s1-5345926/trump-tariffs-timeline
https://www.nytimes.com/2025/04/02/business/economy/trump-tariffs.html
Also, here is a great graphic published in today’s USA Today:
Logistics Plus Gretchen Blough Talks Tariffs on NPR’s Marketplace
“If a large component of steel or aluminum is in the finished good, we basically need to break everything out into a bill of material, and then that 25% only applies to the steel or the aluminum,” said Gretchen Blough, Logistics Plus Customs Brokerage Manager and a Licensed Customs Broker. Listen to the full podcast below and read more about Logistics Plus Customs & Tariff Consulting Solutions.
Read more:
https://www.marketplace.org/2025/04/01/tariffs-have-left-importers-upset-with-more-yet-to-come/
https://www.logisticsplus.com/solutions/international-freight-forwarding-global-logistics/customs-tariffs-consultation/
