The Trump administration is gearing up to introduce new tariffs on April 2, with reports suggesting they could be worth trillions of dollars. This move follows a wave of tariff increases that have already added approximately $800 billion in additional costs to imports from China, Mexico, and Canada since Donald Trump’s return to the White House.

According to sources cited by The Washington Post, the new wave of tariffs could dwarf previous measures, potentially sending shockwaves through global markets. Economic policy analyst Joseph Politano from Apricitas Economics warned that while the past two months have already strained American businesses and consumers, the upcoming tariffs could be even more disruptive.

"The last two months have already hurt American businesses and consumers, but the April 2 deadline seriously could make all of that look like a tempest in a teapot," Politano stated, emphasizing the potential scale of economic repercussions.

Despite growing concerns from economic experts, it appears that the White House remains committed to its hardline stance on trade. The implementation of these tariffs could lead to significant market fluctuations, affecting both domestic and international economies.

As the April 2 deadline approaches, the global business community watches closely, bracing for potential economic consequences that could reshape trade dynamics on an unprecedented scale.