On April 2nd, White House Press Secretary Levitt stated that the comprehensive tariffs imposed by Trump will take effect immediately after being announced on Wednesday. My understanding is that the tariff announcement will be released tomorrow, “Levitt said.” These measures will take immediate effect. “Trump plans to announce tariffs on global trading partners at an event in the White House Rose Garden on April 2 at 4 pm local time (4 am the next day Beijing time). Levitt did not provide any clues about the size and scope of the tax, but she stated that Trump is willing to listen to foreign governments and business leaders’ demands for lower tax rates. She said that many countries have already contacted the US government regarding Trump’s plan. Levitt also downplayed the market volatility before the announcement of the news. Investors are concerned that tariffs may push up inflation, leading to weeks of sustained selling in the US stock market. Levitt said, “Just like during Trump’s first term, Wall Street will be fine
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