Trump Tariffs Announcement News Live: World stares at new trade war; Australia, European Union remain defiant

Reciprocal Tariffs Latest Updates Today (April 2): The countdown has started for President Donald Trump’s pledged tariffs, and they are set to take effect sooner than many anticipated—immediately, according to the White House on Tuesday. While numerous details remain unclear, possibly even to Trump himself, the administration’s "Liberation Day" trade policy announcement is expected to be its most assertive tariff action yet. Trump is meeting with his trade advisors and the tariffs he unveils during a Rose Garden ceremony at 4 p.

m. ET on Wednesday will be implemented "immediately," White House Press Secretary Karoline Leavitt stated during a press briefing..