President Donald Trump is scheduled to announce significant tariffs on other countries in a speech Wednesday afternoon at the White House.

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,

Based on the possibility of broad 20% tariffs that have been floated by some White House aides, most analyses see an economy tarnished by higher prices and stagnation. U.S. econom

Trump was fulfilling a key campaign promise as he imposed what he called “reciprocal” tariffs on trade partners, acting without Congress under the 1977 International Emergency

Trump said he was acting to bring in hundreds of billions in new revenue to the U.S. government and restore fairness to global trade.

President Donald Trump speaks during an event to announce new tariffs in the Rose Garden at the White House, Wednesday, April 2, 2025, in Washington. (AP Photo/Mark Schiefelbein) President Donald Trump arrives to speak during an event to announce new tariffs in the Rose Garden of the White House,

President Donald Trump's tariff announcement on Wednesday was widely panned by US business lobbying groups, who voiced concern about the impact of the sweeping new duties on their operations.

President Trump will unveil sweeping tariffs at a Rose Garden event at 4pm today after the markets close. NBC News senior business correspondent Christine Romans, New York Times chief White House correspondent Peter Baker,