Trump’s upcoming tariffs ‘will be effective immediately,’ White House says

Trump’s upcoming tariffs ‘will be effective immediately,’ White House says


U.S. President Donald Trump delivers remarks in the Oval Office at the White House, in Washington, D.C., U.S., March 21, 2025. 

Carlos Barria | Reuters

President Donald Trump’s forthcoming tariffs will take effect right after they are unveiled on Wednesday, the White House said.

“My understanding is that the tariff announcement will come tomorrow. They will be effective immediately,” press secretary Karoline Leavitt told reporters Tuesday.

“The president has been teasing this for quite some time,” Leavitt said, noting that Trump has repeatedly hyped up April 2 as America’s “liberation day.”

Trump has said that he will impose “reciprocal tariffs” that day, suggesting that many countries with their own duties on U.S. goods could suddenly face new trade barriers. He has touted the policy as “the big one” and recently said it will “start with all countries.”

But much about the plan remains unclear, including the scope and severity of the tariffs and how they will be calculated.

Read more CNBC politics coverage

Leavitt noted in Tuesday’s press briefing that Trump “said last night he has made a decision” on the level of tariffs he will impose Wednesday.

“I don’t want to get ahead of the President. This is obviously a very big day. He is with his trade and tariff team right now, perfecting it to make sure this is a perfect deal for the American people and the American worker, and you will all find out in about 24 hours from now,” she said.

The White House earlier Tuesday announced Trump would deliver remarks at a “Make America Wealthy Again Event” in the Rose Garden on Wednesday at 4 p.m. ET.

The reciprocal tariffs follow a bevy of other import duties that Trump has announced since taking office on Jan. 20. Those include steep tariffs on goods from China, Canada and Mexico, as well as industry-specific tariffs on metals and, most recently, imported cars.

Those “permanent” auto tariffs are set to take effect Thursday, Trump said when he announced them last week.

Don’t miss these insights from CNBC PRO



Source

CNBC Daily Open: A risky alpha bet in markets to revive AI trade
World

CNBC Daily Open: A risky alpha bet in markets to revive AI trade

A Google cloud logo is seen at the announcement of Google’s biggest-ever investment in Germany on November 11, 2025 in Berlin, Germany. Sean Gallup | Getty Images News | Getty Images Alphabet on Monday resuscitated the artificial intelligence trade, which had been flagging the previous week. Its stock jumped 6.3%, lifting associated AI names such […]

Read More
Asia-Pacific markets track Wall Street’s tech recovery after Alphabet leads AI rally
World

Asia-Pacific markets track Wall Street’s tech recovery after Alphabet leads AI rally

SHANGHAI, CHINA – MARCH 01: Skyscrapers stand at the Pudong Lujiazui Financial District on March 1, 2022 in Shanghai, China. Xiao Yang | Visual China Group | Getty Images Asia-Pacific markets opened higher Tuesday, after Wall Street’s tech stocks rebounded on a rally in Google parent  and hopes of a Fed rate cut. Optimism about Alphabet’s […]

Read More
Broadcom is joining Alphabet in the AI rally. Why investors are jumping in
World

Broadcom is joining Alphabet in the AI rally. Why investors are jumping in

A Broadcom circuit board for chip testing is pictured during a lab tour as Broadcom prepares to launch new optical chip tech to fend off Nvidia in San Jose, California, U.S., September 5, 2025. Brittany Hosea-small | Reuters Broadcom shares rallied 11.1% on Monday, as investors poured back into several high-flying tech companies tied to […]

Read More