Trump will release a new tariff proposal on April 2, which he has referred to as "Liberation Day," in a Rose Garden press conference.
Trump Unveils 'Liberation Day' Tariff Plan Amid Trade Policy Upset latest news: On Tuesday, US President Donald Trump announced that India will substantially lower tariffs on American products, a step he called long overdue. Speaking at the White House, Trump was upbeat about the effect of his tariff policies, saying they could encourage nations to better their trade habits. He also pointed to the European Union's recent lowering of tariffs on US-assembled cars to 2.5 percent as a sign of progress.
Trump will release a new tariff proposal on April 2, which he has referred to as "Liberation Day," in a Rose Garden press conference. The proposal is intended to combat what Trump refers to as "unfair trade practices" that have hurt American workers for decades. White House Press Secretary Karoline Leavitt confirmed that the entire cabinet will attend the announcement, although specifics of the proposal are unknown.
The President's tariff policy has unleashed controversy, with detractors doubting its likely economic effects and allies applauding its emphasis on shielding American industries. As the globe looks on, the highly anticipated "Liberation Day" announcement should determine the tone of the next phase of US trade policy.
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