Tariffs will go into effect immediately, says White House

Washington: In a move that’s left many on edge, President Trump’s highly anticipated tariffs are set to take effect sooner than some had expected—as in immediately, the White House said Tuesday.

Although many details remain unknown, perhaps even to Trump himself, the administration’s “Liberation Day” trade policy announcement is expected to be the most aggressive tariff move yet by the most tariff-obsessed president in modern history, CNN reported.

Trump is meeting with his trade team on Tuesday, and the tariffs he announces at a Rose Garden ceremony at 4 pm ET Wednesday will go into effect “immediately,” White House Press Secretary Karoline Leavitt said at a press briefing.

While speaking to reporters on Sunday, Trump stated, that hat he’d “settled” on a plan for sweeping new tariffs to be announced midweek, catching some White House officials by surprise: If the president had indeed arrived at a final decision for the tariffs, it hadn’t yet been widely shared inside the building, as per CNN.

Still unclear is whether Trump plans to levy individual tariff rates on all US trading partners, put tariffs on only some countries, or apply a universal tariff — perhaps as high as 20 per cent — on all imports. Trump’s advisers are publicly supportive of Trump’s tariff agenda, but they differ in approach and scope behind the scenes.

Meanwhile, recently, Trump said that he had heard that India was dropping its tariffs on American goods substantially. (ANI)

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