US President Donald Trump. — Reuters
WASHINGTON: The White House confirmed on Tuesday that President Donald Trump will impose new tariffs early this morning, though it provided no details about the size and scope of trade barriers that have businesses, consumers and investors fretting about an intensifying global trade war.
Trump has for weeks trumpeted April 2 as a “Liberation Day” that will see dramatic new duties that could upend the global trade system, with a White House Rose Garden announcement scheduled for 4pm Eastern Time (2000 GMT or 6am Malaysian time today).
