Donald Trump's tariff war continues: date, time and what to expect - all you should know | Today news

US President Donald Trump will announce new rates later today. Here is all you need to know about the date, time and what to expect in its ‘Liberation Day’ salvo. While critics have said that tariffs will only increase the burden on US consumers, as importers would simply pass the costs, US President Donald Trump insists that they bring US businesses again. (Reuters / Evelyn Hockstein) Trump tariff war: United States President Donald Trump is ready to unleash a set of tariff announcements later today, on April 2. While the world is anxiously awaiting Donald Trump’s next Salvo over the global economic trade and markets, we look at what date its announcement will come, at what time Indian viewers can get live updates and what can be expected from the move. Donald Trump’s new rates – Date and time According to the White House, Donald Trump is his announcement on April 2 at the Rose Garden of the White House on April 2 – it’s 20:00 GMT and around 1330 o’clock on April 3. The announcement time was made to Wall Street markets in the US. However, Asian markets will open hours later and the impact story is expected to tell first. When will Donald Trump’s new rates be effective? According to White House press secretary Karoline Leavitt, the new rates would come into effect after the rollout on April 2, AFP reports. She added that Donald Trump met his top advisors on the eve of the announcement, “Perfedce it to make sure it is a perfect deal”. What to expect from Donald Trump’s new rates? Neither Donald Trump nor his administration specified the scope of the latest announcements, but he repeatedly emphasized “reciprocity” and earlier promised a “golden era” for American businesses and placed a “stop” to be “ripped”, according to the AFP report. According to the White House, the finer points are still discussed, but according to the report, the goal is to tackle what it calls “trade imbalances” between the US and other countries – both friends and enemies. Several US media reports speculate that Donald Trump could impose a blanket of 20 percent rates or even negotiate preferred treatment for some countries. While critics have said that tariffs will only increase the burden on US consumers, as importers would simply pass the costs, Donald Trump insists that they bring a ‘rebirth’ of US businesses. For now, with all the uncertainties ahead, it’s a guard -and -watch game. (With input from AFP), Trump’s tariff announcements are expected to roll out immediately on April 2. The implications of these rates can significantly affect world markets and US consumers. The administration emphasizes addressing the imbalances in the trade, while critics warn of possible increase in consumer costs. Catch all the business news, the news reports and the latest news updates on Live Mint. Download the Mint News app to get daily market updates. Business NEWSNEG NEWSDONALD Trump’s tariff war continues: date, time and what to expect – everything you need to know more less that was first published: 2 Apr 2025, 08:43 am Ist