Donald Trump's reciprocal tariffs announcement: Date, time, venue and what to expect

The battle to dominate pharma manufacturing won’t be easy on US companies.

The world is on edge as the reciprocal tariffs deadline set by US President Donald Trump ends today. In an interaction in the Oval Office, Trump once again ratcheted the trade war suspense. The White House has also said that the reciprocal tariffs will come into effect immediately with auto tariffs kicking in on April 3.

Even as the economists fear that the impact of the reciprocal tariffs will push the US into recession, the Trump administration is preparing for the grand ceremony where the President will announce levies. India, which is in the line of the tariff fire, has been keeping quiet with focus on bilateral trade agreement. Senior US officials were in New Delhi to hammer out the details of the pact that many feel will help in softening the blow of the reciprocal tariffs.

So, amid the cacophony of divergent voices, here’s what you need to know about what Trump has termed as ‘Liberation Day.’:

When will Trump announce the reciprocal tariffs?

Unless there is some change of heart, Trump has said that he will announce the reciprocal tariffs on April 2, 2025. White House Secretary Karoline Leavitt said that the announcement ceremony will be focused on nation-based duties.

Where will Trump hold the tariff announcement ceremony?

Trump loves to create larger-than-life scenarios, and the stage is set just for that. A splashy ceremony is scheduled to take place in Rose Garden of the White House on April 2nd, a Bloomberg report said.

What’s the time of the tariff announcement time?

While the White House has not said anything regarding the schedule, in an interview with Fox News, Treasury Secretary Scott Bessent had said that the tariff announcement will take place at 4 p.m. Washington time on April 2nd. (1:30 am IST).

What can be expected from the tariffs announcement?

There has been a lot of flip-flops on the scope of the tariffs. Initially, there were some speculations regarding some limitations as to which countries will be targeted. However, now Trump and White House have repeatedly said that there will not be ‘any exemptions and exceptions.’

There have been several last-minute changes and reciprocal tariffs may not be an exception. This is what investors and industries across the world fear. The uncertainty will spook the supply chain that had taken a road to normalcy after unprecedented disruption due to Covid-19 pandemic.