President Donald Trump’s tariff plan aims to reverse what the administration considers unfair trade practices harming American workers
President Donald Trump is set to announce his long-awaited tariff plan, dubbed “Liberation Day,” on April 2 during his first Rose Garden press conference of his second term, with the cabinet in attendance.
Speaking at the Oval Office, he said he has “settled” on the plan but didn’t reveal further details.
The plan aims to reverse what the administration considers unfair trade practices harming American workers.
His economic team had debated various strategies, including a 20% global tariff on all imports.
Trump may announce reciprocal tariffs, which will match the duties other countries put on goods they import from the US, and import taxes on some industries.
Although details are limited, potential tariffs could target products like dairy and lumber.
Trump’s team, including key trade advisers, has presented options, but uncertainty remains.
Some economists warn that the plan could increase costs for Americans and harm the economy, possibly triggering a recession.