Modelling of how Trump’s tariffs will hit global trade suggests the US will be the biggest loser – while a few nations may emerge as surprising winners.

This week’s announced trade tariffs were much more severe than expected, heightening already germinating fears about lower growth and higher inflation - i.e. stagflation.

President set to unveil secret tariff plan as world braces for its economic impact - All eyes are on President Trump as he prepares to reveal the next phase of his sweeping tariff agenda, leaving glob

This analysis from the CSIS Economics Program and Scholl Chair in International Business unpacks the April 2 tariff announcements from the White House.

Mr. Trump announced last week that vehicles and auto parts imported into the U.S. will be subject to a 25% tariff rate. The auto tariffs are expected to go into effect at midnight, just hours after the latest round of tariff announcements by the president Wednesday afternoon.

President Trump is set to unveil sweeping "reciprocal tariffs" on April 2, targeting all trading partners. Countries worldwide, including the UK, China, Japan, and India, are scrambling to respond to the potential economic fallout.

Trump has dubbed April 2 "Liberation Day," as he plans to roll out new tariffs. However, the new tariffs could have negative impacts in Louisiana.

Trump has repeatedly called April 2 "Liberation Day." He is expected to enact reciprocal tariffs on major trading partners, especially those that contribute the most to the $1.2 trillion U.S. trade deficit.