Trump's announcement will be broadcast live on the White House's social media handles. White House Press Secretary Karoline Leavitt said March 31 Trump would announce his plans to place reciprocal tariffs on nearly all American trading partners Wednesday, April 2.

President Donald Trump on Wednesday unveiled sweeping global tariffs of at least 10% on goods imported from most U.S. trading partners.

Reciprocal tariffs set to be announced by President Trump at a Rose Garden event Wednesday will immediately take effect, according to the White House. “My understanding is that the tariff announcement will come tomorrow,

Confusion reigned even among some White House officials about what rate the approximately $440 billion in Chinese imports would face.

Mr. Trump announced last week that vehicles and auto parts imported into the U.S. will be subject to a 25% tariff rate. The auto tariffs are expected to go into effect at midnight, just hours after the latest round of tariff announcements by the president Wednesday afternoon.

President Donald Trump’s sweeping tariffs will take immediate effect after they are announced Wednesday, his top spokeswoman said.

Trump has for weeks trumpeted April 2 as a "Liberation Day" that will see dramatic new duties that could upend the global trade system, with a White House Rose Garden announcement scheduled for 4 p.m.

Small business owners are weighing in on the tariffs President Donald Trump unveiled against virtually all U.S. trading partners on Wednesday afternoon.