Tariffs announced on April 2 to be effective immediately, says White House
PTC News Desk: President Trump's highly anticipated tariffs are set to take effect sooner than some had expected--as in immediately, the White House said Tuesday.
Trump stated, that hat he'd "settled" on a plan for sweeping new tariffs to be announced midweek, catching some White House officials by surprise: If the president had indeed arrived at a final decision for the tariffs, it hadn't yet been widely shared inside the building.
Still unclear is whether Trump plans to levy individual tariff rates on all US trading partners, put tariffs on only some countries, or apply a universal tariff -- perhaps as high as 20 per cent -- on all imports. Trump's advisers are publicly supportive of Trump's tariff agenda, but they differ in approach and scope behind the scenes.
Meanwhile, recently, Trump said that he had heard that India was dropping its tariffs on American goods substantially.
"I think I heard that India just a little while ago is going to be dropping its tariffs very substantially and I said why didn't somebody do this a long time ago," he said.
Trump was asked if his tariffs- which are to be effective from Wednesday- may push countries to side with China, to which he promptly said that the tariffs would actually help the countries do better.
He did not explain how that would be.
"No, I'm not worried about it. I think they have a chance of doing better with the tariffs. It can actually help them in a certain way, and I think a lot of them will drop their tariffs because they've been unfairly tariffing the United States for years," he said.
- ANI
