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Trump's upcoming tariffs 'will be effective immediately,' White House says

  • President Donald Trump is set to announce new tariffs against nations that impose duties on U.S. Imports, designating the day as 'Liberation Day' for American trade.
  • U.S. Trade Representative Jamieson Greer stated that Trump's tariff plan is expected to benefit U.S. Workers, with potential revenue of up to $100 billion from new auto tariffs.
  • White House Press Secretary Karoline Leavitt confirmed that the tariffs would take effect immediately and are aimed at protecting jobs for future generations of Americans.
  • Economists warn that Trump's tariffs could increase consumer prices and slow economic activity, with potential repercussions depending on foreign countries' responses.
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Portfolio.hu broke the news in on Tuesday, April 1, 2025.
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