Former U.S. President Donald Trump is poised to introduce sweeping new tariffs in a move his administration has branded Liberation Day. The announcement, set for 16:00 EST (21:00 BST) at the White House, is expected to outline significant trade restrictions, though details on affected countries and the tariff rates remain unclear.
Trump has long championed tariffs as a tool to bolster American manufacturing, arguing that higher import taxes will push consumers toward U.S.-made products.
However, economic analysts warn that such measures could lead to higher prices for consumers and provoke retaliatory actions from global trading partners.
The European Union has already signaled its readiness to counteract any new restrictions, while in the UK, political observers report a mix of concern and cautious optimism over potential trade implications. Despite the impending announcement, the White House has hinted at the possibility of last-minute negotiations, noting that multiple world leaders have reached out to Trump in an effort to influence the policy direction.
