Trump's 'Liberation Day': Tariffs to take immediate effect after announcement
The White House has confirmed that President Trump’s tariffs will take immediate effect upon their announcement. Global markets showed signs of recovery on the first trading day of April, though analysts remain divided on the market outlook.
READ MORE : http://www.euronews.com/2025/04/02/white-house-tariffs-to-take-effect-immediately-upon-the-announcement
Subscribe to our channel. Euronews is available on Dailymotion in 12 languages
The White House has confirmed that President Trump’s tariffs will take immediate effect upon their announcement. Global markets showed signs of recovery on the first trading day of April, though analysts remain divided on the market outlook.
READ MORE : http://www.euronews.com/2025/04/02/white-house-tariffs-to-take-effect-immediately-upon-the-announcement
Subscribe to our channel. Euronews is available on Dailymotion in 12 languages
Category
🗞
NewsTranscript
00:00The White House has confirmed that President Donald Trump's new tariffs will take effect
00:06immediately after the announcement on Wednesday night.
00:10The new tariffs aim to boost US manufacturing and punish other countries for what Trump
00:15calls years of unfair trade practices.
00:18As Europe awaits for clarity on what exactly these tariffs will affect, UK Prime Minister
00:24Keir Starmer has said a trade war is in nobody's interest.
00:29Mr Speaker, we've been preparing for all eventualities ahead of the confirmation of US tariffs later
00:34today. Let me be clear with the House, a trade war is in nobody's interest. And the country
00:43deserves and we will take a calm, pragmatic approach.
00:48By most economists' assessments, Trump's risky move threatens to plunge the economy into
00:54a downturn and damage decades of old alliances.
00:58Trump recently also announced 25% taxes on auto imports as well as levies against China,
01:06Canada and Mexico, while also expanding tariffs on steel and aluminium.