United States President Donald Trump is set to announce reciprocal tariffs that will be lower than those imposed by other countries. He stated on Monday at the White House that the tariffs will be more lenient compared to the trade policies of other countries and expects to bring “tremendous wealth back to our country.” The upcoming tariff announcement, dubbed “liberation day” by Trump, has caused uncertainty in global stocks. Experts believe that tariffs will be applied to almost every country, with higher levels for those with higher trade deficits. The trade measures, including tariffs on Canada, Mexico, and China, come after Trump’s campaign trail support for blanket tariffs.

Source: https://www.aljazeera.com/economy/2025/4/1/trump-says-hell-be-kind-on-tariffs-amid-rollercoaster-for-global-stocks?traffic_source=rss