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Forbes
Forbes
2 Apr 2025


President Donald Trump said Wednesday he would sign an executive order to impose “reciprocal tariffs” on U.S. trade partners—expected to be the most sweeping tariff package of his second term that has world leaders and U.S. businesses on high alert as details of the plan are largely unclear.

President Trump Holds

President Donald Trump speaks during a “Make America Wealthy Again” trade announcement event in the ... More Rose Garden at the White House on April 2, 2025 in Washington, DC. Touting the event as “Liberation Day”, Trump is expected to announce additional tariffs targeting goods imported to the U.S. (Photo by Andrew Harnik/Getty Images)

Getty Images

Trump, in a highly anticipated Rose Garden address, said he would sign an order that would impose “reciprocal tariffs . . . that means they do it to us and we do it to them.”

This is a developing story and will be updated.