US President Donald Trump announces his plans for global tariffs at the ‘Make America Wealthy Again’ event in Washington DC on Wednesday, April 2.
Dubbed ‘Liberation Day,’ Trump has pledged to introduce 'reciprocal' tariffs, adding that it will also reduce reliance on foreign goods and strengthen domestic industry.
Uncertainty over the scope of the changes has caused some concerns for the financial markets, with US and European stocks falling as investors brace for the potential economic impact.