Mugdha Das

US President Donald Trump set to announce new tariffs

Digital Desk: US President Donald Trump is set to announce a comprehensive set of tariffs aimed at reducing the country's reliance on foreign goods. The highly anticipated move, dubbed "Liberation Day," is expected to have significant economic implications globally.

Trump will unveil the tariffs on April 3 from the White House Rose Garden. White House press secretary Karoline Leavitt confirmed that the new tariffs would be imposed on Wednesday, although specific details on the extent of the trade barriers were not disclosed.

The tariffs will include:

Reciprocal Tariffs: Countries that impose duties on US goods will face immediate reciprocal tariffs

Auto Import Tariff: A 25% tariff on auto imports will take effect on April 3

The announcement has garnered significant global attention, with many experts warning of potential economic repercussions.