US President Donald Trump is set to announce a new trade policy, dubbed “Liberation Day for America,” which includes reciprocal tariffs on multiple countries.
Gatekeepers News reports that the announcement is expected on Wednesday, with the tariffs taking effect immediately after.
Trump’s plan aims to address what he perceives as unfair trade practices by the US’ trading partners.
He claims the US has “been taken advantage of” and promises the new tariffs will be “very nice by comparison” to what other countries have been charging the US.
However, many details remain unclear, including the percentage or nature of the taxes.
The move has unsettled global markets, with experts warning it could drive the world into an economic tailspin.
Trump has already imposed tariffs on Canada, Mexico, China, and the European Union, the US’ biggest trading partners.
