Trump’s ‘Liberation Day’ Tariff Announcement Set for April 2, Sparks Global Economic Jitters
Date: 02-apr-2025
Image Source: Copyright © AP Photo/Ben Curtis
Global markets and world leaders are on high alert as U.S. President Donald Trump prepares to unveil a sweeping tariff plan on April 2, branding the date as "Liberation Day". The announcement, which will take place during a press conference at the White House Rose Garden, is expected to target what Trump describes as “decades of unfair trade practices.”
While the details remain undisclosed, the anticipation surrounding the announcement has already sent tremors across global financial markets. Economists and policymakers worry the new tariffs could spark retaliatory trade actions and disrupt supply chains, particularly in Asia and Europe.
Markets React to Uncertainty
In the lead-up to the announcement, markets have displayed heightened volatility. The Dow Jones Industrial Average and other major indices have dipped, while Asian stock markets recorded sharp losses. Japan’s Nikkei 225 fell by 4%, and South Korea’s KOSPI dropped by over 3% on fears of being directly impacted by U.S. trade measures.
“The President believes it is time for a new era of trade that prioritizes American workers,” said White House Press Secretary Karoline Leavitt, speaking to reporters. “He will make historic changes and ensure our country is no longer taken advantage of.”
Global Concerns Over Trade Disruption
Many analysts have noted that the move could trigger a fresh round of trade wars, similar to those seen in 2018–2019. India, China, Japan, and the European Union are all being closely monitored as possible targets in Trump’s new trade policy push.
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Critics argue that such measures, while politically charged, may harm global economic recovery, especially at a time when inflation and supply chain fragility remain major concerns.
President Trump, now in his second term, has positioned the tariff announcement as a pivotal moment in reshaping American trade policy. “Liberation Day,” he stated in a recent rally, “will mark the day we take back control of our economy.”
Whether the plan delivers economic protection or escalates global tensions remains to be seen.
Source: Financial Times
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