What do you know about the “Tahrir Day” tariff plans for President Trump

president Donald Trump He announced his last plan for definitions on Wednesday afternoon at an event in the White House park, Rose, which he said will focus on imposing a mutual tariff on American commercial partners.

“Editing Day” Trump The tariff announcement It comes after the end of the trading day for the US financial markets, which was rocked by the uncertainty about the definitions in recent weeks. The S&P 500 has decreased by about 3.9 % so far, and the index’s gains have been erased since Trump’s election in November amid concerns about an average trade war.

“April 2, 2025, it will be remembered forever as the American industry was born again,” Trump said in comments from the Roses Park. “In a few moments, I will sign a historical executive that publishes mutual definitions around the world. Likewise – this means that they do it for us, and we do it for them. Very simple, you cannot get any simpler.”

“This is one of the most important days, in my opinion, in American history,” Trump said. “For years, American citizens have forced to sit on the margin because other countries have become rich and strong, most of them at our expense,” Trump said. “But now our role is to prosper, and thus, we use trillion and dollars to reduce our tax and pay our national debt, and all of this will happen very quickly.”

Wall Street companies see the risk of recession increasing on customs duties and commercial war

What are the definitions?

Trump and the White House discussed many customs tariff options, although in the hours before the announcement they remained unclear for what would be followed.

The president said that he wanted “mutual” definitions to other countries, which will coincide with the American import tariff with the tariff prices that foreign governments apply to American products – although he later said that the definitions would be “generous” by imposing less duties in the tariff.

The White House says, Trump “is always for a good negotiation

Regardless of the mutual tariff plan, the Trump administration also discussed a comprehensive tariff of up to 20 %, as well as a plan to focus the tariff on 15 countries with high levels of trade with the United States and relatively high tariff rates.

White Caroline Levitte Minister Caroline Levit said on Monday that there are no exemptions for definitions, including for farmers, who were the main target of the revenge definitions of foreign countries during the first period of Trump in his post.

The White House is also planning to launch an “outpatient service” to oversee the collecting of the tariff by transferring this responsibility from American customs and border protection to the new ERS within the Trade Department. The Trump administration claims that foreign companies and countries are paying the customs tariff, although economists agree widely that the importing company, which in this case will be American companies.

Trump’s “outpatient service” will collect from importers, not “foreign sources”

Trump imposed a 25 % tariff on imports from Canada and Mexico with sculptures at a 10 % less tariff rate on Canadian energy products, then delaying that effective tariff on the goods that cover them USMCA Agreement (USMCA) Until April 2, at the time it will replace their new customs tariffs.

Trump previously announced a 25 % tariff on car imports, which enters into force on April 3, and imposed a 25 % tariff on imported and aluminum steel. The tariff plans for other sector include copper flow, semiconductors, medications and wood.

What next?

The Trump administration’s “tariff team” is to structure the definitions and negotiation with a number of other countries. The team includes President Trump and Treasury Secretary Scott Bessin, Trade Minister Howard Lottenic, American Trade Representative, Jameson Jarir, and Director of the National Economic Council Kevin Haysit.

Levitte said on Tuesday that “quite a few countries” have communicated with the Trump administration to discuss ways to reduce customs tariffs.

How much relief cost of the trade war during Trump’s first term?

The Trump administration suggested that the definitions – which are taxes on imported goods – can serve several purposes, such as increasing federal tax revenues to compensate for other tax cuts, encourage re -manufacturing, or as a negotiating tool to reduce customs tariffs between trade partners in the United States.

These goals are contradictory in some ways: the definitions that are imposed and removed later through negotiations that lead to low commercial barriers generate less tax revenues and remove the incentive for re -equipment. Likewise, if companies move to the United States to avoid definitions, the government will achieve fewer tax revenues.

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Trump’s advertisement can shed more light on the final goal of the management of customs tariff plans, as well as setting its talks with trade partners in America.

Edward Lawrence, Crystina and Worm in Fox Business contributed.

This is a developing story. Please check again for updates.