- Title: A view of the White House as Trump proclaims "Liberation Day"
- Date: 2nd April 2025
- Summary: MEXICO CITY, MEXICO (APRIL 1, 2025) (REUTERS) VARIOUS OF VENEZUELAN MIGRANTS AND DEPORTEES GATHERING OUTSIDE VENEZUELAN EMBASSY SEEKING HELP TO RETURN TO THEIR HOMELAND (SOUNDBITE) (Spanish) VENEZUELAN MIGRANT, MIGUEL EDUARDO NIEVE, SAYING: "With Trump's law, with everything that Trump has decreed, they are kicking us out, they return us and so and over there they don't ne
- Embargoed:
- Keywords: Tariffs Trump Truth Social White House
- Location: WASHINGTON, D.C., UNITED STATES / INTERNET
- City: WASHINGTON, D.C., UNITED STATES / INTERNET
- Country: US
- Topics: North America,Government/Politics,International Trade
- Reuters ID: LVA001362102042025RP1
- Aspect Ratio: 16:9
- Story Text: U.S. President Donald Trump was set to impose sweeping new tariffs on Wednesday (April 2) as he proclaimed "Liberation Day" in the United States, escalating a trade war with global partners and upending a decades-old trade order.
The reciprocal tariff plans, which were still being formulated ahead of a White House Rose Garden announcement ceremony, were scheduled for 4 p.m. Eastern Time (2000 GMT).
The new duties are due to take effect immediately after Trump announces them, while a separate 25% global tariff on auto imports will take effect on April 3. They are also expected to spark retaliatory action from global trading partners.
"IT’S LIBERATION DAY IN AMERICA!" Trump wrote on his social media platform on Wednesday morning, but gave nothing further away.
Trump has said his reciprocal plans are a move to equalize generally lower U.S. rates with those charged by other countries and counteract their non-tariff barriers that he says disadvantage U.S. exports.
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