Trump hours away from unveiling global tariffs in possible shakeup of US economic strategy – live | Trump tariffs


Trump hours away from unveiling global tariffs

As part of his so-called “liberation day”, Donald Trump is set to unveil new details of part of his economic plan, including tariffs on multiple countries, at 4pm ET today.

Although exact details have yet to be revealed, Trump has previously entertained the idea of reciprocal tariffs in which the US would reciprocate the tariffs that other countries have levied on US exports.

Countries that Trump has mentioned which would be on the receiving end of reciprocal tariffs include China, Brazil and India, and the European Union.

Also on the table is 25% tariffs on all imports coming into the US from Canada and Mexico.

Trump has already announced an additional 20% tariff on all Chinese imports and a 25% tariff on all steel and aluminum imports. There is also a 10% tariff on energy imports from Canada.

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Key events

House minority leader Hakeem Jeffries said Tuesday’s election results in Florida and Wisconsin were a sign of the Democratic party’s strength, citing recent special elections in Iowa and Pennsylvania.

“What we’ve seen every single month this year, Democrats in special elections all over the country win or over perform,” Jeffries said at a news conference on Wednesday.

Despite the effort by some to project this notion that House Democrats, Senate Democrats, the Democratic Party is cowering – we’re not cowering. We’re beating them over and over and over again.

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