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LIVE: Investors brace for Trump’s ‘liberation day’

By: Rupert Hargreaves

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President Trump's tariffs could send Russia into a recession, leading economists have warned.
President Trump's tariffs could send Russia into a recession, leading economists have warned.

The world is bracing for Trump’s ‘Liberation day,’ with the President set to impose a fresh batch of tariffs on nations across the globe this evening.

Trump will speak from the White House Rose Garden at 16:00 (21:00 BST) to unveil his new set of levies.

The President’s Press Secretary Karoline Leavitt said the tariffs will be “effective immediately” after the announcement on Tuesday.

Since his inauguration in January, Trump’s bait and switch on tariffs has caused turbulence in global markets.

The President had previously said in March that tariffs would be reciprocal – charging countries what they charge the US – however, he backtracked at a later date and told reporters the numbers could be lower.

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