Trump may announce significant new tariffs on April 2

Donald Trump is preparing to implement new tariffs that could significantly impact markets. A deadline is set for April 2, and there are concerns about how high the tariffs may go. Analysts believe that the markets may not fully understand the potential scale of these measures. Edward Yardeni, president of Yardeni Research, suggests that the tariffs could reach 50% in some cases, which would surprise many investors. He emphasized that the situation remains uncertain and that he won't feel secure until it is resolved. Since taking office, Trump has frequently created and adjusted tariff deadlines. He has already imposed tariffs on various countries, including China, Canada, and Mexico. The upcoming deadline on April 2 is considered crucial, but there are reports of ongoing debates within his administration about how to implement these tariffs. The investigation led by top government officials will report back to Trump on April 1. He plans to wait to act until after April Fools' Day because he feels superstitious about it. Trump's approach includes not only equalizing tariffs but also accounting for additional trade barriers, such as value-added taxes. Trump has also made it clear that his retaliatory tariffs won't always match those imposed by others. For example, he plans to respond to a European Union tariff on whiskey with a much higher tariff on European wine. He has stated that few companies will find exemptions from these tariffs moving forward. While recent market activity saw some ups and downs, analysts expect that selling could continue. They hope for a clear plan from Trump to resolve tariff issues, which could stabilize the business environment. The White House hasn't ruled out unexpected announcements from the president before April 2. Until then, experts advise that any day without comments from Trump about tariffs may be a good day for the market.