WASHINGTON — U.S. President Donald Trump is set to lay out his plans to realign global trade through “reciprocal” tariffs Wednesday at 4 p.m. ET in the White House Rose Garden.
A news release from the White House calls it a “Make America Wealthy Again Event.”
Trump has called Wednesday “Liberation Day” and says he will impose “reciprocal” tariffs by increasing U.S. duties to match the tax rates other countries charge on imports.
It’s not clear what the latest levies could mean for Canada or whether Trump will end a temporary pause on economy-wide tariffs on the same day.
A White House official confirmed Monday that no decision had been made on whether Trump will reinstate additional duties on Canada and Mexico, which he has linked to the flow of fentanyl.
Since Trump returned to office in January, he has rattled global markets with his on-again, off-again trade war with the world.
U.S. President Donald Trump’s reciprocal tariffs on trading partners are set to take effect on April 2, a day he has proclaimed as “Liberation Day” for American trade. CTV News will have extensive coverage across all platforms:
- CTVNews.ca will have in-depth coverage, real-time updates, and expert analysis on what the tariffs will mean for Canadians.
- CP24.com will report on any developments out of Queen’s Park and what the tariffs mean for the people of the GTHA.
- BNNBloomberg.ca will explain what this means for the business community, investors, and the market.
This report by The Canadian Press was first published April 1, 2025.
Kelly Geraldine Malone, The Canadian Press
