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International Business Times
International Business Times
Business

World Economies Brace For Trump Tariffs Ahead Of Deadline

Donald Trump United States European Union Greta Peisch Goldman Sachs Liberation Day
US President Donald Trump has promised to unveil reciprocal tariffs on April 2, 2025 (Credit: AFP)

World economies were jittery Monday ahead of US President Donald Trump's "Liberation Day" when he is set to unleash tariffs against multiple countries, risking global turmoil to redress what he says are unfair trade imbalances.

Trump -- who has been making unprecedented use of presidential powers since taking office in January -- is set to announce Wednesday exactly what tariffs will be imposed and whether they will target entire sectors.

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