The White House dropped a bombshell Tuesday, confirming that new tariffs announced by former President Donald Trump will take effect immediately after Wednesday’s 4 p.m. ET announcement—no grace period, no mercy. 🛑 The move, described as "reciprocal" by spokesperson Karoline Leavitt, targets countries imposing duties on U.S. goods, but critical details remain fuzzy. Will it be a 20% universal tariff or a subset targeting specific nations? The $6 trillion question (literally) has markets sweating. 📉
Adding fuel to the fire, a 25% tariff on auto imports will kick in April 3—raising prices for everything from EVs to vintage muscle cars. 🚗💸 Meanwhile, the Washington Post and Wall Street Journal report conflicting strategies: Is this a scorched-earth trade policy or surgical strikes? Investors and businesses are scrambling to adapt, with fears of a full-blown global trade war escalating. 🌐⚡️
With U.S. allies and rivals alike bracing for impact, one thing’s clear: Wednesday’s announcement could reshape global commerce overnight. Stay tuned for updates as the clock ticks down. ⏳🌎
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White House: Broad tariffs effective immediately after announcement
cgtn.com