Wed Apr 02 02:20:43 UTC 2025: ## Trump’s “Liberation Day” Tariffs Spark Global Trade War Fears

**Washington D.C., April 2, 2025** – U.S. President Donald Trump is set to unveil sweeping new tariffs, dubbed “Liberation Day” tariffs, on Wednesday, potentially igniting a global trade war. While the exact details remain shrouded in secrecy, the announcement, scheduled for 4 p.m. EDT (1:30 a.m. IST, April 3rd), is expected to target countries that have imposed tariffs on U.S. goods.

Trump claims the tariffs will protect American industries and usher in a “golden age” of U.S. manufacturing. However, critics warn that the move will harm U.S. consumers through higher prices and could trigger a global recession. Global markets have reacted nervously to the impending announcement.

The White House confirmed that Trump is still finalizing the details, despite earlier suggestions of reciprocal tariffs matching those imposed by other nations. Speculation has included blanket 20% tariffs and a tiered system offering preferential treatment to some countries. White House Press Secretary Karoline Leavitt stated the tariffs will take effect immediately after the announcement, leaving little room for negotiation.

Several countries are already preparing retaliatory measures. Canada, vowing a deliberate response, and the European Union, despite expressing hopes for negotiation, have stated they are prepared to use “all instruments” to retaliate. The UK, however, reports productive negotiations with Trump towards a trade deal. Vietnam has announced it will lower tariffs on certain goods.

This latest move follows recently implemented 25% auto tariffs and a 25% tariff on steel and aluminum, further escalating tensions. China, already facing additional 20% tariffs on all goods, has announced retaliatory measures, with the EU set to follow suit mid-April. Trump’s consistent use of tariffs as a foreign policy tool since his first term has created a widening rift between the U.S. and its allies on trade, security, and other global issues. The unpredictable nature of Trump’s actions has fueled concerns about the potential for widespread economic disruption.

Read More