Trump set to announce new round of tariffs on his so-called ‘liberation day’

President’s plans have rattled global stock markets and triggered heated rows with US’s largest trading partners

President Donald Trump speaks to reporters before signing an executive order in the Oval Office of the White House in Washington, Monday, March 31, 2025. (Pool via AP)

Donald Trump will announce his latest round of tariffs at the White House on Wednesday, threatening to unleash a global trade war on what he has dubbed “liberation day”.

Trump has rattled global stock markets, alarmed corporate executives and economists, and triggered heated rows with the US’s largest trading partners by announcing and delaying plans to impose tariffs on foreign imports several times since taking office.