Donald Trump Tariff Announcement LIVE: India sets up control room to monitor tariff announcements

Donald Trump Tariff Announcement LIVE: US President Donald Trump is all set to announce reciprocal tariffs on April, which will immediately come into effect and affect almost all countries across the world. Donald Trump has called the new US tariff plans as coming on America’s “Liberation Day”, saying it will improve the US economy.

US Treasury Secretary Scott Bessent said the US President will announce the tariffs in the Rose Garden of the White House at around 4 pm Washington time on April 2, which is 1:30 am IST on April 3.

As Trump goes ahead with reciprocal tariff announcement, experts have flagged which Indian sectors will be most affected by Trump tariffs.

However, according to latest reports, White House officials are yet to decide how the tariffs will be imposed.

Earlier, the White House had slammed India for imposing a 100 per cent tariff on America’s agricultural products and highlighted similar trade barriers in the EU, Japan, and Canada.

Experts suggested that US companies which import goods will have to pay the new taxes soon after the announcement, while alarming the situation raises the possibility of a recession in the US and in other countries.

The new Trump tariffs are a bid to boost US manufacturing and punish other countries for what he has said are years of unfair trade practices. However, many economists have flagged that the new tariffs imposed by Donald Trump threaten to plunge the economy into a downturn and mangle decades-old alliances.

Meanwhile, the European Union is already planning a response to Wednesday’s yet-to-be announced tariffs, with the French government saying that a decision will be made by the end of April.

Stay tuned with Live Mint for all the LIVE action.