White House Announces Big Tariffs Set for April 2

April 2: Major Tariffs Promised by White House

​The White House has announced that, starting April 2, 2025, it will implement “reciprocal tariffs” on imports. These tariffs aim to match the tariff rates that other countries impose on U.S. goods, targeting nations with higher trade barriers to encourage fairer trade practices. ​

This initiative is part of a broader strategy to address trade imbalances and protect domestic industries. The administration has already imposed a 25% tariff on steel and aluminum imports, effective March 12, 2025, affecting major suppliers like Canada, Brazil, Mexico, and South Korea.

Countries wishing to avoid these new tariffs have the opportunity to negotiate and reduce their trade barriers before the April 2 deadline. Failure to do so will result in higher U.S. tariffs on their exports. ​

These measures have raised concerns among U.S. businesses and international partners about potential price increases and disruptions in supply chains. The administration maintains that these actions are necessary to protect the U.S. economy and promote equitable trade relationships.