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Trump's tariffs incite fury in China and dismay in Europe: Live updates

  • President Trump announced new tariffs on imported goods at a Rose Garden event on April 2, 2025.
  • The tariffs aim to counter what the White House considers unfair trade barriers on U.S. Goods.
  • The new levies include a baseline 10% tariff on most imports, with higher rates for specific nations.
  • Karoline Leavitt stated the tariffs would be effective immediately, and Trump called them 'reciprocal'.
  • Global markets reacted negatively, and analysts warn of recession risks, inflation, and economic disruption.
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CNBC broke the news in United States on Wednesday, April 2, 2025.
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