The White House confirmed that President Donald Trump’s new tariffs will take effect immediately upon their announcement at 4 pm ET.

Axar.az reports that while details remain undisclosed, Press Secretary Karoline Leavitt emphasized Trump’s commitment to protecting American workers.

A 25% tariff on imported vehicles is also expected.

European Commission President Ursula von der Leyen warned of possible EU retaliation but expressed hope for a negotiated solution.

Global markets showed signs of recovery ahead of the announcement, though analysts remain divided on long-term market effects. Some predict a rebound, while others warn of prolonged uncertainty and potential trade war escalations.