On Sunday Trump Announces April 2nd as 'Liberation Day' with Sweeping Tariffs Set to Reset Global Trade. U.S. President Donald Trump on Sunday said reciprocal tariffs to be announce this week will be imposed on all nations and not just a small group of 10 to 15 countries. The reciprocal tariffs he said will come into effect this week. Mr. Trump is set to announce a massive tariff plan on Wednesday i.e. April 2nd 2025 and the imposed tariff will come into effect from this day. He said April 2nd would be called "Liberation Day." Some tariffs are already imposed on steel, aluminum, autos, and higher tariffs on all goods from China.