What do we know about ‘Liberation Day’ tariffs?

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  Hello and welcome to World Business Report from the BBC World Service.

• 00:05

  I'm Roger Hearing and on this edition,

• 00:07

  what can we expect from President Trump's announcement on Wednesday on US tariffs?

• 00:12

  Also, Argentina's poverty declines and inflation drops.

• 00:16

  Has President Millay found a way to turn the economy around?

• 00:20

  We hear about Finland's boom in defence technology companies.

• 00:24

  The war in Ukraine just kind of put everything on steroids.

• 00:26

  You know,

• 00:27

  things started happening a lot faster and I guess we all aware at least here in this part of Europe of the new reality which is

• 00:35

  that the world is a lot more insecure than it used to be.

• 00:38

  And as four new films about the Beatles are announced,

• 00:42

  why after six decades do the Fab Four continue to keep such a hold on our culture?

• 00:48

  But first it's all playing out a bit like one of those reality TV shows on which Donald Trump originally made his name.

• 00:55

  The big decision on US tariffs to introduce reciprocal duties on major US trading partners that have their own levies on imports of US goods is made and the result will be announced later on Wednesday in a set piece White House event

• 01:11

  that the President is calling Liberation Day.

• 01:14

  And like those reality shows, the outcome is a closely guarded secret until the big reveal.

• 01:20

  But we're not short of rumours and unofficial briefings.

• 01:23

  Here's White House Press Secretary Caroline Leavitt speaking today about the upcoming tariffs.

• 01:29

  Looking ahead to tomorrow, April 2nd, 2025, will go down as one of the most important days in modern American history.

• 01:38

  Our country has been one of the most open economies in the world and we have the consumer base hands down,

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