What to know about the “release” plans of Trump

President Donald Trump The last plan on the tariff on Wednesday day in the White House garden event, which, he said, will focus on the introduction of mutual tariffs for US trading partners.

“Trump’s Liberation Day” The announcement of tariffs Comes upon completion of trading day for US financial markets, which have undertaken uncertainty over the tariffs in recent weeks. To date, the S&P 500 has fallen by about 3.9%, and the revenue of the Index after Trump’s elections in November was erased against the backdrop of an extended trade war.

“On April 2, 2025, it will be remembered forever when the American industry was reborn,” Trump said in the pink garden. “In a few moments, I will sign a historical executive order that sets mutual tariffs around the world. Mutual – it means they do it to us and we do it. Very simple, it can’t make it easier.”

“This is one of the most important days, in my opinion, in American history. This is our declaration of economic independence. For many years, hard -working American citizens have been forced to sit on sidelines, because other peoples got rich and strongly at our expense,” Trump said. “But now our turn is running out, and at the same time use trillion and trillion dollars to reduce our taxes and pay our public debt, and it will all happen very soon.”

Firms on Wall -Rate see that the risk of recession increases over tariffs, trading war

President Donald Trump will announce his tariff plans on Wednesday. (Jabin Botsford / The Washington Post via Getty Images / Getty Images)

What are the tariffs?

It is expected that the executive order set out by the mutual tariff plan will be published later on Wednesday.

During his statements, the Roses of the Garden Trump raised the placque board, showing the combined speed of tariffs and other unverified barriers that other countries impose exports together with mutual tariffs that the Trump administration plans to recover imports from these countries.

Among the included:

• China: 67% tariffs and other trade barriers to US goods; 34% of mutual tariffs.
• European Union: 39% tariffs and other trade barriers to US goods; 20% of mutual tariffs.
• Vietnam: 90% tariffs and other trade barriers to US goods; 46% of mutual tariffs.
• Japan: 46% tariffs and other trade barriers to US goods; 24% of mutual tariffs.
• India: 52% tariffs and other trade barriers to US goods; 26% of mutual tariffs.
• South Korea: 50% tariffs and other trade barriers to US goods; 25% of mutual tariffs.

Many other countries were brought to the board, but the Trump’s stands were obscured.

Trump is “always ready to negotiate,” says the White House as April 2 “Liberation” tariffs

White House press secretary Caroline Levita said on Monday that there were no fares, including for farmers who were the main goal for tariffs for retaliation of foreign countries during Trump’s first term.

In addition to the mutual tariff plan, the Trump administration also discussed the tariff on board up to 20%, as well as the plan to focus tariffs at 15 high -level countries with the United States and relatively high tariff rates. These plans seem to be made in favor of the mutual tariff plan.

The White House can also launch its “external income service” to control the tariff collection by moving this responsibility from the US Customs and Border Protection to the new ERR in the trade department. The Trump administration claims that external companies and countries pay tariffs, although economists generally agree that they are paid by imports, which in this case will be American firms.

Trump’s “Foreign Revenue Service” will be collected from importers, not from “foreign sources”

American agriculture was the main purpose of revenge on partners during Trump’s first term. (Scott Olsan / Getti Image / Getty Images)

Trump imposed 25% of the tariffs on Canada and Mexico with a slice of a lower 10% tariff rate on Canadian energy products, and then postponed these tariffs from entering the goods covered US-Mexico Konad Agreement (USMCA) By April 2, at this time, his new tariffs will replace them.

Earlier, Trump announced 25% of the auto -proclamation tariffs that come into force on April 3, and imposed 25% of the tariffs on imported steel and aluminum. Other tariff plans associated with the sector include copper, semiconductors, pharmaceuticals and lumber.

What’s next?

The “tariff team” of the Trump administration is working on the structuring of tariffs and negotiations with a number of other countries. The team includes President Trump, Minister of Finance Scott Baby, Secretary of Trade Howard Lutnitsa, US Security Representative Jamison Grir and Director of the National Economic Council Kevin Joset.

On Tuesday, Livit said that “quite a few countries” appealed to the Trump administration to discuss ways to reduce tariffs.

How much did you cost help in the trade war during Trump’s first term?

Tariffs are taxes on imports that pay the importer when the tariff good enters the country. (Sam Wolfe / Bloomberg via Getty Images / Getty Images)

Trump’s administration has offered tariffs – what taxes on imported goods – can fulfill several goals, such as increasing federal tax revenues to compensate for other tax reductions, promote production of production or as a tool for reducing tariffs among US trading partners.

These goals are controversial in some respects: tariffs that are imposed and later removed by negotiations, leading to a decrease in trade barriers, bringing less tax income and delete an incentive for reshuffling. Similarly, if companies move operations in the US to avoid tariffs, the government would have collected less tax revenue.

Get the Fox Business on the go by clicking here

Trump’s announcement can shed more light on what is the ultimate goal of the administration by its tariff plans, as well as the status of its talks with trading partners in America.

Fox Business’ Edward Lawrence and Christina Wurm contributed to this report.

This is a developing story. Please check the updates.