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White House promises ‘big tariffs’ on April 2

Xenia. W by Xenia. W
20 March 2025
in Business, News
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White House promises ‘big tariffs’ on April 2
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The White House on Thursday vowed to impose “big tariffs” on April 2 when US President Donald Trump is to unveil reciprocal levies in a major escalation of his trade war.

Press Secretary Karoline Leavitt’s comments came days after Treasury Secretary Scott Bessent said that Washington is expected to present other countries with a number representing their tariff and other barriers.

Bessent’s remarks had suggested a possible delay in the activation of some duties.

But Leavitt told reporters that Trump has been “very clear about his intention for April 2.”

“There will be big announcements when it comes to reciprocal trade,” she said.

“And the president will be highlighting the unfair trade practices, the ways in which America has been ripped off by every country around the world, quite frankly.”

“There will be big tariffs that will be going into effect,” she added.

Trump has promised reciprocal duties on both US allies and competitors from April 2, although the exact details of this plan have yet to be released.

Bessent had told Fox Business’ Maria Bartiromo that on the day, “each country will receive a number that we believe represents their tariffs.”

“We are going to go to them and say, look, here’s where we think the tariff levels are, non-tariff barriers, currency manipulation, unfair funding, labour suppression,” he added.

If countries stop their practices, Bessent said, “we will not put up the tariff wall.”

He also said at the time that some duties may not have to go on as a deal “is pre-negotiated,” or because countries swiftly approach Washington for talks. (AFP)

Tags: BusinessFinance
Xenia. W

Xenia. W

Xenia is a Hong Kong–based writer and content creator focusing on financial markets, policy and the city’s evolving economic landscape. With over ten years of experience in higher education and tourism‑related projects, she specialises in transforming complex information into clear, reader‑friendly insights for both professional and general audiences. ​ Drawing on a background in bilingual Chinese–English translation and editing, Xenia writes across topics including Hong Kong and US stocks, market structure, macro trends and how policy shifts affect everyday investors.

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