President , Donald Trump , may declare his bilateral tax force Wednesday during an occasion in the White House Rose Garden, his best spokesperson said.
White House , hit secretary , Karoline Leavitt , said Monday the news had have” country-based” taxes. She said the president is even” committed to implementing” regional obligations but that they were certainly the target of the , April 2 , function and deferred to Trump about the schedule of those. People of Trump ‘s , Cabinet , would enter the announcement, Leavitt said.
” The president may be announcing a tax strategy that will move up the unfair business practices that have been ripping off our land for years”, Leavitt told investigators at the , White House. ” It’s time for equality and it’s time for a president to take traditional shift to complete what’s appropriate for the American people”.
Leavitt declined to provide details when asked about the rate of the reciprocal tariffs and which countries would be hit. She said there are” no exemptions at this time” in response to a question about whether lower duties would be applied to products used by American farmers.
Trump told reporters Sunday that he plans to launch reciprocal tariffs with” all countries”, countering speculation he could limit the initial scope of his , April 2 , announcement.
The spokeswoman pointed to examples of tariff rates from the , European Union,  , Japan,  , India , and , Canada , while speaking to reporters, signaling those entities are likely among the targets of the president’s new levies.
” This makes it virtually impossible for American products to be imported into these markets, and it has put a lot of Americans out of business and out of work over the past several decades”, Leavitt said.
Trump has billed , April 2 , as the launch of sweeping duties that are the centerpiece of his plan to rebalance global trade, boost , U. S.  , manufacturing and inject tariff revenue into government coffers to fund domestic priorities, including a major tax cut.
The president has preceded Wednesday’s tariff announcement with levies on , Canada,  , Mexico , and , China , — , the United States’ , three largest trading partners — as well as automobiles, steel and aluminum. Import taxes on copper could come within several weeks. Trump has also threatened tariffs on pharmaceutical, semiconductor and lumber imports.
Uncertainty surrounding his plans, which have often changed and been subject to last-minute carve-outs, have triggered fears they could blow up supply chains and raise prices for , U. S.  , consumers. That angst has fueled a weekslong sell off on , Wall Street , that extended into Monday.
” Wall Street will work out just fine in this administration, just like they did in the first term”, Leavitt said.
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