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Donald Trump Tariffs Announcement Live: The Donald Trump administration unveiled ‘Liberation Day’ tariffs on Thursday (Indian time), a move that could upend decades of rules-based trade, risk cost increases and spark a global trade war.
While Trump insisted he had decided on the reciprocal tariffs hitting countries that have targeted the United States, the White House admitted he was still ironing out the details with less than 24 hours to go.
The new duties are due to take effect immediately after Trump announces them, while a separate 25 per cent global tariff on auto imports will take effect on April 3.
Trump has said his reciprocal tariff plans are a move to equalise generally lower US tariff rates with those charged by other countries and counteract their non-tariff barriers that disadvantage US exports.
In just over 10 weeks since taking office, Trump has imposed new 20 per cent duties on all imports from China over fentanyl and fully restored 25 per cent duties on steel and aluminum, extending these to nearly $150 billion worth of downstream products.
Donald Trump Tariffs Announcement LIVE Updates: Stellantis To Close Canada's Windsor Plant For 2 Weeks After Trump's Tariff
Donald Trump Tariffs Announcement LIVE Updates: Automobile manufacturer Stellantis announced that it will shut Canada’s Windsor plant for at least two weeks in response to reciprocal tariffs announced by Donald Trump.
'Mixed Bag, Not Setback': Govt Official On Trump's 26% Reciprocal Tariff On India
The US has imposed a 26% reciprocal tariff on Indian imports. Meanwhile, India’s Commerce Ministry is analysing the impact while negotiating a trade agreement with the US. Read more
Donald Trump Tariffs Announcement LIVE Updates: What Australian PM Said On Trump Tariffs
Donald Trump Tariffs Announcement LIVE Updates: Australian Prime Minister Anthony Albanese said that Donald Trump’s decision is “not the act of a friend”.
Trump Unveils Broad Reciprocal Tariffs; Know Which Countries Face Highest Rates | Full List Here
With Trump’s announcement of what he termed “Liberation Day” tariffs, several countries, including India, China, and the European Union, will be impacted. Read more
Donald Trump Tariffs Announcement LIVE Updates: South Korea Orders Emergency Measures Over US Tariffs
Donald Trump Tariffs Announcement LIVE Updates: South Korea’s acting President Han Duck-soo ordered emergency support measures for industries and businesses that will be affected by Donald Trump’s new tariffs.
Donald Trump Tariffs Announcement LIVE Updates: US Senate Thwarts New Tariffs On Canada
Donald Trump Tariffs Announcement LIVE Updates: The US Senate passed a resolution to counter US President Donald Trump’s tariffs on Canada.
'PM Modi Great Friend Of Mine': Top Quotes From Trump's 'Liberation Day' Reciprocal Tariffs Speech
In a closely watched speech in the White House Rose Garden, Trump said April 2 would “forever be remembered as the day American industry was reborn. Read more
Donald Trump Tariffs Announcement LIVE Updates: What Canadian PM Said On Tariffs
Donald Trump Tariffs Announcement LIVE Updates: Canadian Prime Minister Mark Carney announced that his country will retaliate against Donald Trump’s tariffs. He said, “We must act decisively and firmly.”
Donald Trump Tariffs Announcement LIVE Updates: Pharma Products Will Not Come Under Tariffs, White House Clarifies
Donald Trump Tariffs Announcement LIVE Updates: A White House factsheet said that pharmaceutical products are among the goods that will not be subject to the reciprocal tariffs announced by US President Donald Trump. Although, he has not completely ruled out his plans to impose pharmaceutical-specific tariffs in the future.
Donald Trump Tariffs Announcement LIVE Updates:S&P Loses $2 Trillion In Market Cap
Donald Trump Tariffs Announcement LIVE Updates: The S&P 500 lost $2 trillion in market capitalisation in less than 20 minutes as US President Donald Trump announced sweeping reciprocal tariffs on as many as 60 countries.
Donald Trump Tariffs Announcement LIVE Updates: Financial Markets Tumble As Trump Tariffs Surprise Market
Global financial markets were rocked on Wednesday by Donald Trump’s announcement of sweeping tariffs, targeting China and the European Union in particular, with the risk of undermining the international economy.
As the day progressed, US futures fell sharply, with the Dow Jones dropping 2.4 percent at around 23:45 GMT, the Nasdaq index plunging 4.2 percent, and the broader futures index for the S&P 500 falling 3.5 percent.
Donald Trump Tariffs Announcement Live Updates: Gold Hits New Record As Trump Unleashes Tariff Barrage
The price of gold hit a new record shortly after President Donald Trump’s announcement of sweeping new tariffs against most US trading partners.
Gold crossed the previous record at around 23:00 GMT and then continued to climb above $3,150 an ounce, as traders piled into the safe haven asset amid a steep decline in stock market futures.
Donald Trump Tariffs Announcement Live Updates: Brazil Congress Approves Law To Counter Trump Tariffs
Brazil’s Congress on Wednesday (local time) approved a law allowing the executive to respond to trade barriers after US President Donald Trump announced a 10 per cent tariff on exports from Latin America’s biggest economy.
Donald Trump Tariffs Announcement Live Updates: Canadian PM Vows To 'Fight' Against Trump's Sweeping Tariffs
Canadian Prime Minister Mark Carney on Wednesday vowed to “fight” against US President Donald Trump’s sweeping tariffs, which he said will “fundamentally change the global trading system.”
Donald Trump Tariffs Announcement Live Updates: Italian PM Says US Tariffs On EU 'Wrong', Help Neither Side
Italian Prime Minister Giorgia Meloni criticised new US tariffs on imports from the European Union and urged a deal, warning a trade war would only weaken the West.
“The introduction by the US of tariffs towards the EU is a measure that I consider wrong and that does not suit either party,” she said in a statement posted on social media.
Donald Trump Tariffs Announcement Live Updates: Take A Look At 'Reciprocal Tariffs' Chart Shared By White House
US President Donald Trump emphasised that US taxpayers have been unfairly burdened for over 50 years, describing his reciprocal tariff policy as a step toward restoring economic independence.
Donald Trump Tariffs Announcement Live Updates: Reciprocal Tariff Plan To Take Effect On April 9, Says White House Official
US President Donald Trump’s reciprocal tariff plan will take effect on April 9 at 12:01 AM, confirmed a senior White House official.
Donald Trump Tariffs Announcement Live Updates: European Commission President To Issue Statement In Response To US Tariff Announcement
European Commission President Von der Leyen is set to deliver a statement at 8 AM IST in response to US President Donald Trump’s latest tariff announcement.
Donald Trump Tariffs Announcement Live Updates: US Stock Market Surges After Trump's Tariff Announcement
The US stock market is on the rise following President Donald Trump’s announcement of new tariffs on trading partner nations.
Donald Trump Tariffs Announcement Live Updates: Trump Announces 25% Auto Tariff; Know What's Included
US President Donald Trump’s auto tariffs will cover cars, light trucks, engines, transmissions, lithium-ion batteries and lesser parts including tires, shock absorbers and spark plug wires.
Donald Trump Tariffs Announcement Live Updates: Which Countries Face the Highest Tariffs? Full List Here
Trump has set a baseline 10% ‘reciprocal tariff’ on all countries, with higher rates for select nations, including India, which will now be subject to a 26% tariff.
China: 34% European Union: 20% South Korea: 25% India: 26% Vietnam: 46% Taiwan: 32% Japan: 24% Thailand: 36% Switzerland: 31% Indonesia: 32% Malaysia: 24% Cambodia: 49% United Kingdom: 10%
Donald Trump Tariffs Announcement Live Updates: India Vs US Current Tariff Comparison
India imposes higher tariffs on US imports compared to the tariffs the US places on Indian imports, with an average tariff of 13.7 per cent across all products versus 3.7 per cent by the US; agricultural products face the highest disparity, with India charging 40.6 per cent compared to the U.S.’s 6.6 per cent.
Donald Trump Tariffs Announcement Live Updates: Trump Announces 25% Tariff On All Foreign-Made Automobiles
US President Donald Trump pointed out the disparity in motorcycle tariffs, stating that while the United States imposes only a 2.4% tariff, countries like India and Vietnam charge significantly higher rates at 70% and 75%, respectively.
“Such horrendous imbalances have devastated our industrial base and put our national security at risk. I don’t blame these other countries at all for this calamity. I blame former presidents and past leaders who weren’t doing their job… Effective at midnight, we will impose a 25% tariff on all foreign-made automobiles,” he added.
Donald Trump Tariffs Announcement Live Updates: Trump Calls PM Modi A ‘Great Friend,’ Says US Spared India From Tariffs For Many Years
US President Donald Trump said that Prime Minister Narendra Modi is a great friend of his and noted that the US had not imposed tariffs on India for many years.
Donald Trump Tariffs Announcement Live Updates: US To Impose 34% Tariff On China
Trump announced that the US will impose a 34 per cent tariff on Chinese imports as part of his plan to enforce reciprocal trade policies.
Donald Trump Tariffs Announcement Live Updates: Trump Declares 26% Tariff Plan On Indian Imports
US President Donald Trump announced plans to impose a 26 per cent tariff on Indian goods, signalling a tougher stance on trade policies.
Donald Trump Tariffs Announcement Live Updates: Trump Says 'Liberation Day' Signifies America's Declaration Of Economic Independence
US President Donald Trump said, “It is our Declaration of Economic Independence. For years, hardworking American citizens were forced to sit on the sidelines as other nations got rich and powerful, much of it at our expense…With today’s action, we are finally going to be able to make America great again, greater than ever before…”
Donald Trump Tariffs Announcement Live Updates: US To Impose 10% Tariff On All Imports, Says Trump
US President Donald Trump said that US will impose 10 per cent tariff on all imports. “I will sign a historic Executive Order instituting reciprocal tariffs on countries throughout the world. Reciprocal that means: they do it to us, and we do it to them,” he added.
America To Use Revenue From Tariffs To Reduce Taxes, Pay Down Debt
US President Donald Trump said, “The United States would use the money generated from tariffs to reduce our taxes and pay down our national debt.”
Donald Trump Tariffs Announcement Live Updates: Trump Delivers Remarks On His Tariff Plans
President Donald Trump is delivering remarks on his “Liberation Day” plans from the White House Rose Garden, where he is expected to announce tariffs on US trading partners.
The tariffs will go into effect immediately, the White House said yesterday but added Trump would be open to negotiation once they’re in place.
Donald Trump Tariffs Announcement Live Updates: Trump Declares April 2nd As Day 'America Reclaimed Its Destiny'
While sharing his tariff plans during an event at the White House, Trump said, “Today, we make America wealthy again. For too long, our nation has been plundered by both friends and foes—foreign scavengers have torn apart the American Dream. But that ends now. I will sign an order instituting reciprocal tariffs—if they do it to us, we do it to them!”
Donald Trump Tariffs Announcement Live Updates: Final Preparations Being Made
The steel and auto workers have reached Rose Garden of the White House and some highly placed officials have also come in.
Donald Trump Tariffs Announcement Live Updates: Stage Set, US President To Roll Out Measures To Make America Wealthy Again
Blue collar workers have started to gather at White House’s Rose Garden.
Donald Trump Tariffs Announcement Live Updates: America No Longer Fully Manufactures Its Own Cars, Says Navarro
White House senior counselor for trade and manufacturing Peter Navarro has doubled down on his support for tariffs, framing them as a means to restore America’s industrial strength. Writing in USA Today, Navarro argued that auto tariffs would boost domestic jobs and wages while countering unfair trade practices by foreign nations.
“No longer does America fully manufacture its own automobiles,” he stated, adding that the country has been reduced to merely assembling high-value parts made overseas. According to him, this shift is the result of “unfair trade practices and predatory industrial policies” by other nations that flood the US market with subsidized vehicles while keeping American exports out.
Donald Trump Tariffs Announcement Live Updates: Markets On Edge As Trump’s Tariff Bombshell Looms
Wall Street has been on a rollercoaster, with stocks swinging in anticipation of President Donald Trump’s tariff announcement.
After a steady climb earlier in the day, markets lost steam but managed to stay in positive territory. The Dow Jones Industrial Average, which surged nearly 400 points at one point, pared its gains but remained up by 97 points (0.23%) in afternoon trading. The S&P 500 was up 0.26%, while the Nasdaq Composite gained 0.4%.
Donald Trump Tariffs Announcement Live Updates: Canada Stands United as US Tariffs Loom
Canadian Member of Parliament Taylor Bachrach told broadcaster CNN, the country is standing firm in its resolve to safeguard workers and push back against trade measures that could hit key industries.
Bachrach highlighted the region’s dependence on the softwood lumber industry—one of the sectors most vulnerable to US tariffs. “People who are involved in these trade-exposed industries are all very concerned about what today’s announcement is going to mean,” he said.
Donald Trump Tariffs Announcement Live Updates: White House Aide Asserts Tariffs Could Generate $6 Trillion In American Revenue
White House aide Peter Navarro stated that Trump’s tariffs could generate $6 trillion in revenue over the next decade, marking the largest tax increase in US history.
Donald Trump Tariffs Announcement Live Updates: What Are Reciprocal Tariffs And Who Bears The Cost? All You Need To Know
Reciprocal tariffs are import taxes matching those imposed on US exports. While Trump claims foreign nations bear the cost, US importers pay, often passing it on to consumers at higher prices.
Intended to protect local industries, tariffs can trigger retaliation—the EU taxed US goods like bourbon and motorcycles, while China targeted soybeans and pork in response to past US tariffs.
Donald Trump Tariffs Announcement Live Updates: Who All Are Invited For The Announcement?
President Donald Trump’s tariffs announcement isn’t just a policy rollout—it’s a spectacle and the guest list at the White House goes on to prove that.
According to reports from broadcaster CBS News, rank-and-file steelworkers and auto workers have been invited to witness the moment firsthand.
Alongside them will be Vice President JD Vance, a majority of Trump’s cabinet and key congressional leaders, including House Speaker Mike Johnson and House Majority Leader Steve Scalise.
The presence of blue-collar workers shows Trump’s push to frame tariffs as a win for American industry.
Donald Trump Tariffs Announcement Live Updates: A Historic Tax Hike Or A ‘Tax Cut’?
White House trade adviser Peter Navarro made a bold claim—President Donald Trump’s tariffs will generate $6 trillion in revenue over the next decade. If true, that would make it the largest tax increase in US history, even surpassing the hikes imposed in 1942 to fund World War II, broadcaster CNN said.
Navarro insists the tariffs are actually a tax cut, arguing that they won’t be paid by American consumers but by foreign businesses and governments.
“Tariffs are tax cuts, tariffs are jobs, tariffs are national security,” he said on Fox News Sunday. “Tariffs are great for America. They will make America great again”.
