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The order that will "shock global markets" takes effect today, Trump addresses the nation

2025-04-02 08:34:44Kosova&Bota SHKRUAR NGA REDAKSIA VOX
The order that will "shock global markets" takes effect today, Trump
Donald Trump

After weeks of promises and constant pressure, the day of reckoning has arrived: April 2nd!

A date often heralded by President Donald Trump as the defining moment for the American and international economy.

Wednesday is the day when the United States' reciprocal tariffs on goods imported from the rest of the world take effect, a measure that will directly affect trade relations and the global economy.

The US tariffs affect a wide range of goods, including those from Canada and Mexico, which will be postponed for a month. The rest of the world will face a host of higher prices.

While on April 3, 25% tariffs on cars and components manufactured abroad will take effect, another step in realizing Trump's policies to restore American dominance in the manufacturing sector.

This is an event that is expected to have a wide impact on America and the world, so Trump will also speak to the nation on April 2, in a live speech from the White House.

However, it remains unclear how trading partners will react and what the consequences for global trade might be.


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