Trump to Announce New Trade Tariffs on April 2, Aims to Level Global Playing Field

U.S. President Donald Trump is set to unveil a new wave of trade tariffs on April 2 at 3:00 PM ET (19:00 GMT), according to Treasury Secretary Scott Bessent in a recent Fox News interview. Bessent stated, “I’m not going to get ahead of President Trump, he’s going to announce them at three o’clock, on Wednesday,” confirming the administration’s timeline.

The upcoming tariffs reflect Trump’s ongoing commitment to what he calls “fair trade,” aiming to correct what he sees as long-standing imbalances in global trade that disadvantage American workers. The administration intends to mirror the tariffs that major U.S. trading partners place on American exports, encouraging reciprocal trade policies and reduced non-tariff barriers.

According to recent reports, the new round will expand the scope of targeted countries and impose higher tariffs with fewer exemptions. The President’s strategy continues to emphasize protecting U.S. manufacturing and labor, aligning with his broader “America First” economic agenda.

A key component of this policy includes a 25% tariff on foreign automobiles, also taking effect on April 2. Additional sectors under consideration for tariffs include essential commodities, semiconductors, and pharmaceuticals, potentially intensifying trade tensions with key global economies.

Bessent also highlighted Trump’s tax reform plans, which aim to cut taxes for the middle class and stimulate job growth. The White House hopes these policies will boost domestic production, lower unemployment, and improve the U.S. trade position.

As the U.S. prepares to implement its new tariff measures, global markets and international partners will be closely watching how this aggressive trade stance reshapes the international economic landscape. With higher duties and stricter policies, the administration is signaling a major shift toward more protectionist trade practices.