Trump’s Sweeping Tariffs to Take Effect Immediately After President’s Remarks on April 2, White House Says

The Epoch Times Header

Specific tariff levels will be disclosed by the president.

The sweeping new tariffs promised by President Donald Trump will go into effect immediately after their formal announcement on April 2, according to White House press secretary Karoline Leavitt.

During a press briefing on April 1, Leavitt said the administration was prepared to move quickly in launching a new reciprocal trade policy aimed at countering decades of unfair foreign competition.

Leavitt said the administration intends to reward companies that manufacture in the United States.

“If you make your product in America, you will pay no tariffs,” she said.

She added later in remarks, “If they want to be absolved of that tariff—then they can come here to the United States of America to do business [and] bring their jobs here.”

The tariffs will apply broadly across sectors and are aimed at countries the administration accuses of engaging in protectionist trade practices.

While specific tariff levels will be disclosed by the president on April 2, a 25 percent duty on foreign autos and auto parts announced last week is expected to serve as a benchmark for the broader policy. Leavitt confirmed those auto tariffs will go into effect on April 3.

Leavitt said the move would help correct a massive U.S. trade imbalance, which reached a record $1.2 trillion in 2024, according to federal data.

“Tomorrow will go down as one of the most important days in modern American history,” Leavitt said. “Our country has been one of the most open economies in the world, and we have, hands down, the best consumer base—but too many foreign countries have their markets closed to our exports. This is fundamentally unfair. The lack of reciprocity contributes to our large and persistent annual trade deficit that’s gutted our industries and hollowed out key workforces, but those days of America—beginning tomorrow—being ripped off are over.”

She pointed to recent investment pledges from major companies—including Apple, Nvidia, and Taiwan Semiconductor Manufacturing Company Limited—as evidence that Trump’s strategy is already working.

The tariffs are part of a broader economic strategy that includes cutting taxes, reducing regulation, and investing in advanced technology.

By Chase Smith

Read Full Article on TheEpochTimes.com

The Epoch Times
The Epoch Timeshttps://www.theepochtimes.com/
Tired of biased news? The Epoch Times is truthful, factual news that other media outlets don't report. No spin. No agenda. Just honest journalism like it used to be.

Columns

Was Pope Francis the Worst Pope Ever?

It has been said the recently passed 266th Pope...

LGBTQ™ Roundup: Groomers Gone Wild, Pt. II

Trans activist gets triggered by BBC reporter telling him he can't use women’s toilets, according to UK Supreme Court ruling on the legal definition of women.

In Trade War, China’s Chokehold on US Medicine Moves Into Spotlight

China’s iron grip on supply of critical drug ingredients has been years in the making, driven by Beijing’s strategic plan to dominate the pharma industry

College Football’s Spring rite

The Blue-White game, with the antiquated press box and a large section of the west stands now history and under renovation, marches on, but for how long?

Everything We Know About El Salvador Deportee Abrego Garcia

For more than five years, Kilmar Abrego Garcia was an adjudged illegal immigrant living on borrowed time in the United States.

News

US Manufacturing Shows Signs of Improvement as Factory Output, Orders Tick Higher

U.S. manufacturing showed modest but meaningful improvement in April, according to data by S&P Global, which showed factory output and orders ticking higher.

Trump Admin Sued by a Dozen States in US Trade Court Over Tariffs

A dozen states on April 23 filed a lawsuit against the Trump administration in the U.S. Court of International Trade over its recently announced tariffs.

Supreme Court Seems Inclined to Let Energy Companies Sue California Over Emissions Rules

Supreme Court seemed inclined during oral argument to revive a lawsuit filed by energy companies over California’s tough vehicle emissions standards.

FBI: Losses From Internet Crime Surged 33 Percent in 2024, Topping $16 Billion

Internet-enabled crime cost victims in the U.S. more than $16.6 billion in 2024, a record-breaking 33% increase over previous year, according to FBI report.

Fed’s Kugler: No Rate Cuts in Sight as Inflation, Tariffs Fuel Uncertainty

Federal Reserve Gov. Adriana Kugler said she supports holding interest rates steady due to ongoing inflation risks and new tariffs

IMF Predicts US Fiscal Deficit to Shrink in 2025 Due to Tariffs

The Trump admin’s tariff policies are expected to bring down the fiscal deficit of the U.S. this year, the IMF said in an April 23 report.

US Seeks IMF, World Bank Reforms to Reverse Institutions’ Mission Creep: Bessent

The U.S. will support changes to the IMF and the World Bank to secure economic and financial sustainability, Treasury Secretary Scott Bessent said on April 23.

US Stock Markets Rally Amid Trump’s Latest Remarks on Fed’s Powell, China

U.S. stocks surged on April 23, as President Donald Trump clarified his stance on Federal Reserve Chair Jerome Powell and China tariffs.
spot_img

Related Articles