Global markets are closely watching the decision of US President Donald Trump on new customs tariffs. White House Spokesperson Karoline Leavitt stated that tariffs expected to cover all countries will be announced today.

The focus in global markets is on President Donald Trump’s decision on new customs tariffs. White House Spokesperson Karoline Leavitt mentioned that Trump will announce a tariff plan on April 2 to reverse unfair trade practices. A meeting where mutual tariffs will be announced and cabinet members will participate will be held at the White House. Leavitt said, “The President will announce a tariff plan to reverse unfair trade practices that have been robbing our country for decades. He is doing this to protect the American worker’s interest.”

NEW TAXES TO TAKE EFFECT IMMEDIATELY White House did not disclose details about the scope of the tariffs. It was stated that the new customs tariffs will take effect quickly after being announced. Leavitt pointed out that the European Union (EU) imposes a 50% customs duty on US dairy products, Japan imposes a 700% duty on US rice, India imposes a 100% duty on US agricultural products, and Canada imposes an almost 300% duty on US butter and cheese. President Trump stated on Sunday that the tariffs would cover all countries.

CLAIM OF 20% ADDITIONAL TAX In an article published today by The Washington Post, it was reported that White House officials have prepared a proposal that would impose approximately a 20% customs duty on most of the US imports.

The article noted that various options are on the table, and a final decision has not been made.

CONCERNS ABOUT INFLATION RISING Concerns are growing that tariffs may fuel inflationary pressures and harm economic growth.

Analysts suggest that expectations of interest rate cuts in monetary policy may be delayed due to concerns about inflation.