President Donald Trump will unveil his reciprocal tariff plan on April 2, as expected, in the White House Rose Garden. White House Press Secretary Karoline Leavitt said Monday the announcement would feature “country-based” tariffs. Joe Mathieu and Kailey Leinz report.
President Donald Trump will announce his reciprocal tariff push on Wednesday during an event in the White House Rose Garden, his top spokeswoman said.
White House Press Secretary Karoline Leavitt said Monday the announcement would feature “country-based” tariffs. She said the president is also “committed to implementing” sectoral duties but that they were not the focus of the April 2 event and deferred to Trump about the timing of those. Members of Trump’s Cabinet would attend the announcement, Leavitt said.
“The president will be announcing a tariff plan that will roll back the unfair trade practices that have been ripping off our country for decades,” Leavitt told reporters at the White House. “It’s time for reciprocity and it’s time for a president to take historic change to do what’s right for the American people.”
Leavitt declined to provide details when asked about the rate of the reciprocal tariffs and which countries would be hit. She said there are “no exemptions at this time” in response to a question about whether lower duties would be applied to products used by American farmers.
Trump told reporters Sunday that he plans to launch reciprocal tariffs with “all countries,” countering speculation he could limit the initial scope of his April 2 announcement.
The spokeswoman pointed to examples of tariff rates from the European Union, Japan, India and Canada while speaking to reporters, signaling those entities are likely among the targets of the president’s new levies.
“This makes it virtually impossible for American products to be imported into these markets, and it has put a lot of Americans out of business and out of work over the past several decades,” Leavitt said.
Trump has billed April 2 as the launch of sweeping duties that are the centerpiece of his plan to rebalance global trade, boost US manufacturing and inject tariff revenue into government coffers to fund domestic priorities, including a major tax cut.
The president has preceded Wednesday’s tariff announcement with levies on Canada, Mexico and China — the US’s three largest trading partners — as well as automobiles, steel and aluminum. Import taxes on copper could come within several weeks. Trump has also threatened tariffs on pharmaceutical, semiconductor and lumber imports.
Uncertainty surrounding his plans, which have often changed and been subject to last-minute carveouts, have triggered fears they could blow up supply chains and raise prices for US consumers. That angst has fueled a weeks-long sell off on Wall Street that extended into Monday.
“Wall Street will work out just fine in this administration, just like they did in the first term,” Leavitt said.
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21 Comments
Happy DOGE Day GREAT American Patriots
Americans won’t be welcome anywhere. Again.
Trump believes that there's three branches of government, HIS, HIS, HIS
Get a grip on yourself little wiener
Dr Draxx was right
We are so sorry for your Tesla and Starlink after you stole our Treasury Funds and corrupted the Pentagon's software bud!
How are we supposed to feel sorry for the guy who canceled Medicare & Social Security for 71 million American Seniors?
Why would we pay any Taxes since our re-funds are being used as part of the $8 trillion tax cut for the Top 1%?
Any money tarriff's bring in will go directly to the Top1% = Millionaire's and Billionaire's. Pure Genius!
When did trump learn school mathematics? Thats impossible.
The gospel is simple. –Jesus Christ, who is God's Son, died on the cross for the sins of every person. He was buried and rose again three days later. –Eternal life is a free gift … received, not earned—by faith alone in Christ alone. –Jesus said in John 6:47. Verily, verily, I say unto you, he that believeth on me hath everlasting life. –Once saved, forever saved. Salvation can never be lost! –Trust Jesus alone and forever live
Wow. Trump loves the ladies his cabinets 60 % are women
Maybe he'll get stung by a bee and be allergic…
Trump, having failed complete at every campaign promise, is about to destroy the economy more than he has done in less time than any POTUS in US history!
The Melania garden
Why not April 1, he is the April fool after all?
What are we thinking…700 or a 1000 point drop in the stock market after this?
nithing says great depression than a stunt raving about americans suffering. its rumps let them eat cake rose garden tea parry.
all led by the mad red hatter
Reciprocal is key. Not more, not less, just what they charge us.
You CANNOT argue with reciprocal tariffs…Its that simple!!
Next, can we expect Dementia Don to have a military parade winding its way through the streets of DC? Him standing there with more tin medals on his chest than Kim? Saluting as if he was a soldier. Despot Don is the Imagination Dragon.
Disaster: TARRIFFS AND ISRAEL PROXY WARS😈😈😈😈TOTAL ECONOMIC COLLAPS👿👿👿 1:21
But Donald there eating the dogs and the geese and what about hydroxychloroquine? Do you think the world outside your own sphere have trust in you? Maybe you should start thinking about closing Pine Gap? Another waste off taxpayers money.
Get set for more crazy antics and statements too.