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U.S. President Donald Trump is expected to unveil new tariffs—taxes on imports—later today on what he has dubbed “Liberation Day.”
President Trump is set to speak at 4 p.m. ET. when he is expected to announce his plans for “reciprocal tariffs” on American trading partners, White House press secretary Karoline Leavitt said on Monday.
“Very simply, it’s if they charge us, we charge them,” Trump explained last month. America’s trading partners, and rivals, expect to learn details about what that looks like later.
Trump has made a host of on-again, off-again tariff threats since he returned to the Oval Office in January. “Tariff,” he has said “is the most beautiful word in the dictionary.”
He has argued they protect U.S. industries, raise federal funds, and provide leverage. But economists stress they could drive up prices in the months ahead.
Follow the latest updates below.
President Donald Trump announces tariffs on auto imports in the Oval Office of the White House on March 26.
President Donald Trump announces tariffs on auto imports in the Oval Office of the White House on March 26.
MANDEL NGAN/AFP via Getty Images
