Here’s When Trump Is Set to Announce Tariffs Today

The much-anticipated April 2nd "US Independence Day" has arrived, with President Donald Trump expected to announce bilateral tariffs

"Good morning, everyone. I'm Karoline Leavitt, and I'm serving as the spokeswoman for the White House. As we approach April 2, 2025, a day that will surely be etched in the annals of modern American history, I'd like to provide an update on the administration's plans to introduce bilateral tariffs.

We'll be instituting reciprocal customs duties on every country that levies tariffs on the U.S., ranging from the vast economic juggernaut of China to our close neighbors, Canada and Mexico. These tariffs will take effect immediately following the announcement, which is set for 16:00 local time today.

The administration has decided to adjust the tariff rates based on the specific duties imposed by each nation. For instance, if China maintains a 5.5 percent tariff on a certain category of U.S. goods, then the same category of Chinese goods entering the U.S. will be subject to a 5.5 percent customs duty.

This measure is a response to the exploitative trade practices employed by foreign governments for decades, shifting the burden of economic cooperation onto the American people. It's time for these nations to contribute their fair share.

In a joint statement, K33 Research analysts Vetle Lunde and David Zimmerman expressed their belief that the upcoming tariff announcements by President Donald Trump will likely lead to high market volatility, especially considering Bitcoin's strong correlation to stock markets.

"We can expect a continuation of the Bitcoin price remaining in a consolidation range of $75,000 to $88,000 throughout April, with no clear direction expected in the near future."

Given the uncertainty surrounding the tariffs, experts advise a cautious approach to cryptocurrency investments, recommending low exposure to Bitcoin and other digital assets until the situation becomes clearer.