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Trump's upcoming tariffs 'will be effective immediately,' White House says

  • President Donald Trump's forthcoming tariffs will take effect immediately after the announcement on Wednesday, according to the White House.
  • The scope of the tariffs remains unclear, which has caused concern among U.S. Trading partners and affected market prices.
  • Internal discussions include a 20% flat tariff on all imports, which could generate around $6 trillion in revenue.
  • Press Secretary Karoline Leavitt stated that Trump's team is fine-tuning the announcement to ensure it's beneficial for American workers.
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Portfolio.hu broke the news in on Tuesday, April 1, 2025.
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