Trump to escalate global trade tensions with 'Liberation Day' tariffs on trading partners
Trump to escalate global trade tensions with 'Liberation Day' tariffs on trading partners
WASHINGTON, April 2 (Reuters) - U.S. President Donald Trump was expected to impose sweeping new reciprocal tariffs on global trading partners on Wednesday, upending decades of rules-based trade, risking cost increases and likely drawing retaliation from all sides.
Details of Trump's "Liberation Day" tariff plans were still being formulated and closely held ahead of a White House Rose Garden announcement ceremony scheduled for 4 p.m. Eastern Time (2000 GMT).
