President Trump’s self-imposed deadline of April 2 for implementing tariffs has arrived. Despite previous postponements, the administration asserts its commitment to enacting these measures. Specific details regarding the tariff plan remain unclear and subject to change. An official announcement is scheduled for 1900 GMT (4 pm EST). Following multiple unsuccessful attempts to initiate the tariffs promised since the beginning of his term, the administration is expected to unveil a comprehensive package of reciprocal tariffs. The inclusion of additional tariffs remains uncertain and contingent upon unspecified factors. Market expectations suggest a uniform tariff rate of 5-10% will be applied across the board. The capacity to effectively implement a complex tariff structure is reportedly constrained by staffing reductions within relevant government departments, potentially limiting the administration’s ability to execute previously threatened tariff increases.
