The clock is ticking. At 1:30 AM IST, US President Donald Trump will step into the White House Rose Garden to announce the long-awaited reciprocal tariffs. But if markets were hoping for closure, they’re in for a rude shock—this saga is far from over.
The White House has confirmed that Trump will impose new tariffs on Wednesday, without providing details about the size and scope of trade barriers that have businesses, consumers, and investors fretting about an intensifying global trade war.
White House spokesperson Karoline Leavitt said reciprocal tariffs on countries that impose duties on US goods would take effect once Trump announces them, while a 25% tariff on auto imports will take effect on April 3.
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