President set to unveil secret tariff plan as world braces for its economic impact - All eyes are on President Trump as he prepares to reveal the next phase of his sweeping tariff agenda, leaving glob

This analysis from the CSIS Economics Program and Scholl Chair in International Business unpacks the April 2 tariff announcements from the White House.

In a bold move that echoes through both economic and political landscapes, President Donald Trump has unveiled plans to impose what he calls the largest set of new trade barriers in generations, dubbing the initiative 'Liberation Day.

Mr. Trump announced last week that vehicles and auto parts imported into the U.S. will be subject to a 25% tariff rate. The auto tariffs are expected to go into effect at midnight, just hours after the latest round of tariff announcements by the president Wednesday afternoon.

Trump has repeatedly called April 2 "Liberation Day." He is expected to enact reciprocal tariffs on major trading partners, especially those that contribute the most to the $1.2 trillion U.S. trade deficit.

President Trump is set to unveil sweeping "reciprocal tariffs" on April 2, targeting all trading partners. Countries worldwide, including the UK, China, Japan, and India, are scrambling to respond to the potential economic fallout.

Some countries are promising swift countermeasures; others are asking for an opportunity to negotiate with the U.S. to avoid trade war.

Canada is bracing for the fallout of President Donald Trump’s escalating trade war, with economists warning of spiking grocery prices, major job losses and even a potential recession if threatened