Global Markets Brace for Trump’s Reciprocal Tariffs Announcement on April 2:

As the April 2 deadline for the reciprocal tariffs approaches, global tensions are rising. US President Donald Trump has reaffirmed his commitment to proceed with the announcement, which he has dubbed "Liberation Day." Economists warn the move could trigger recessionary effects in the United States and cause ripple effects across global supply chains.

India's Position Amid Rising Tariff Threats

India is one of the nations likely to be impacted by the new tariffs. While it has remained diplomatically restrained, New Delhi has focused its efforts on negotiating a bilateral trade agreement with the US. Senior American officials recently visited India to finalize details that could potentially soften the impact of the upcoming tariffs.

Key Details of the Tariff Announcement

When: April 2, 2025

Where: Rose Garden, White House (as reported by Bloomberg)

Time: Approximately 3 p.m. Washington time (12:30 a.m. IST)

The White House ceremony is expected to be high-profile, with an emphasis on nation-specific tariffs. Treasury Secretary Scott Bessent confirmed the expected timing during a Fox News interview.

What to Expect from the Reciprocal Tariffs

The scope of the tariffs has shifted repeatedly over recent weeks. While early discussions suggested that exemptions might be offered to select countries, the Trump administration has now confirmed a blanket approach—with no exceptions.

The unpredictability of the policy rollout is causing concern among investors and industries worldwide. Analysts fear that the tariffs will disrupt global trade recovery, especially after the COVID-19 pandemic caused unprecedented supply chain breakdowns.