Trump to Announce ‘Liberation Day’ Tariffs at 4 pm Today – RVBusiness – Breaking RV Industry News
President Donald Trump’s “Liberation Day” is here, according to a report by CNN.
For months, Trump kept businesses and nations across the globe largely in the dark on his tariff plans that revolve around what he refers to as “reciprocal tariffs.” But on April 2, he’s promised to answer at least some of their burning questions.
But Wednesday likely won’t relieve businesses that have been craving certainty since Trump’s November victory. Rather, it’ll open a whole new can of worms as countries respond to new tariffs with countermeasures on American goods, setting the stage for a new phase of negotiations that could escalate an already bitter trade war.
Although Trump told reporters on Monday night that he “settled” on a tariff plan, White House advisers were still presenting options to him on Tuesday, just hours ahead of his self-imposed deadline, CNN reported.
Among the plans being considered were customizing tariff rates for each US trading partner, levying tariffs on certain countries but not others or imposing a flat rate as high as 20% on all imports. One White House official told CNN that they didn’t believe Trump would arrive at a decision until the hours before Wednesday’s 4 pm ET announcement ceremony at the Rose Garden.
What Trump ultimately decides to announce on tariffs will be “effective immediately,” White House press secretary Karoline Leavitt said Tuesday. That is logistically dubious, but if that is the case, other nations would have little time to negotiate and could respond by immediately imposing countermeasures such as retaliatory tariffs.
Click here to read the full report by CNN.
EDITOR’S NOTE: In the video below, Jason Epperson of RV Miles offers his update on the pending “Liberation Day” tariffs as well as a rundown of other RV industry news of note.
