PNN – A day after announcing US tariff on goods imported from around the world to the United States, White House spokeswoman Caroline Leavitt sought to ease investor concerns about the impact of US President Donald Trump’s move to impose tariffs of at least 10% on all countries.
According to the report of Pakistan News Network, on April 2, 2025, US President Donald Trump declared an economic emergency in the US and announced customs tariffs of at least 10% for all countries. These rates were even announced for 60 countries or trading blocs that have a large trade deficit with the US.
Stock markets across Asia-Pacific and Europe fell after the news was announced on Thursday.
But Trump administration spokeswoman Carolyn Leavitt said on Thursday local time: To anyone on Wall Street this morning, I say trust President Trump. This is a president who has his proven economic formula from his first term.
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Asked whether Trump might back down from implementing the tariffs before they take effect this weekend, Leavitt said: The president made it clear yesterday that this is not a negotiation. This is a national emergency. He is always willing to negotiate, but he announced the reason for his action yesterday.
A Trump administration spokesman continued that the US president would not reevaluate his strategy if the tariffs violated a provision of the NATO treaty, telling reporters: The president is firm in his approach.
Leavitt encouraged people to buy American products, adding that the White House is looking at options to ease the hardship on Americans that Trump warned could happen after the tariffs are implemented.
US President Donald Trump announced a global 10% “base” tariff on all goods imported into the United States on what is being called “Freedom Day” (April 2, 2025).
Trump also unveiled a 10% tariff on British goods and a 20% tariff on EU goods at a historic moment for global trade.
The United States will target some countries with much harsher tariffs of up to 50%.