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Tariff-ied? Markets brace for impact
Financial Express Lucknow
|April 03, 2025
PRESIDENT DONALD TRUMP proclaimed "Liberation Day" in the United States on Wednesday as he prepared to impose sweeping new tariffs that would escalate a trade war with global partners, increase prices and upend a decades-old trade order.
Trump has kept the world guessing on the details of the tariff plans, which were still being formulated ahead of a White House Rose Garden announcement ceremony scheduled for 4 p.m. US stock indexes opened sharply lower on Wednesday, extending a selloff that has erased nearly $5 trillion of value since February. The new duties are due to take effect immediately after Trump announces them, while a separate 25% global tariff on auto imports will take effect on April 3.
As of Wednesday morning, the White House had not published an official notice of either set of tariffs, as it is required to do before they take effect. The administration also has declined to comment on reports that Trump was considering a 20% universal tariff.
Esta historia es de la edición April 03, 2025 de Financial Express Lucknow.
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