This is Andrew Peach with World Business Report.
Today governments, businesses, markets,
people around the world all stealing themselves to what we know will be a massive shock to global trade.
The details of what President Trump is calling Liberation Day will come in the Rose Garden at the White House in five and a half hours from now,
just as markets close in New York.
The suggestion is the tariffs he announces will be effective immediately.
Sol Mandeir is president of the global logistics firm Flexport and spoke to us from Switzerland.
We see a lot of paralyzed customers at the moment.
People don't know what to do.
They've all been talking about this for a long time.
They're all researching what they can do.
But till we have the announcement later today, everyone is paralyzed.
Are we going to invest in Vietnam or is Vietnam part of the dirty 15 countries?
There's a lot of questions that are open, so people are waiting and seeing.
World leaders are waiting and seeing as well.
Here's the British Prime Minister, Keir Starmer in the House of Commons.
Mr Speaker, we've been preparing for all eventualities ahead of the confirmation of US tariffs later today.
Let me be clear with the House,
a trade war is in nobody's interest and the country deserves and we will take a calm, pragmatic approach.
That's why constructive talks are progressing to agree a wider economic prosperity deal with the US.