Trump to Announce Global Tariffs on What He Calls ‘Liberation Day’

Updated4 mins Ago

| Published Apr 02, 2025 | Updated Apr 02, 2025

Israel has announced it is eliminating all remaining tariffs on U.S. imports, hours before the Trump administration is set to implement sweeping reciprocal levies against its global trading partners.

The decision, revealed on Tuesday by Israeli officials, still requires final approval from Economy Minister Nir Barkat and the Parliament’s finance committee, though both are expected to support the measure.

“Tariffs on all imports from the United States will be cancelled,” the prime minister’s office said in a statement.

WASHINGTON—President Donald Trump is set to announce reciprocal tariffs for all nations starting April 2, the date he has dubbed “Liberation Day.”

Companies, markets, and governments are on edge, expecting the move to send shockwaves across the globe.

Liberation Day will impact all countries, Trump told reporters over the weekend aboard Air Force One. However, some countries will be more vulnerable due to their high trade imbalances with the United States and significant trade barriers against American goods, including China, India, the European Union, Canada, Mexico, the United Kingdom, Vietnam, Japan, and South Korea.

President Donald Trump has dubbed April 2, when he will unveil reciprocal tariffs to level the trading field between the United States and its 200 partners, “Liberation Day.”

The White House has yet to disclose details of the sweeping tariffs. Treasury Secretary Scott Bessent has said that the administration will focus on the “dirty 15,” or the top 15 percent of partners contributing the most to the United States’ negative trade balance.

Meanwhile, the 25 percent tariff on autos and auto parts unveiled on March 26, which also takes effect on April 2, may foreshadow the magnitude of change that Trump’s reciprocal tariff policy aims to achieve.

April 2 will be America’s “liberation day,” President Donald Trump says.

The president is set to unveil his administration’s reciprocal tariffs on U.S. trading partners. This initiative is to feature the United States matching tariff rates set by other countries on American goods.

“If they charge us, we charge them,’’ the president said in February. “If they’re at 25, we’re at 25. If they’re at 10, we’re at 10. And if they’re much higher than 25, that’s what we are too.’’