The president is set to announce details of his sweeping tariffs, as companies and global trading partners scramble to respond.

The world is on high alert for President Trump’s latest tariff announcement, which is expected later today.Doug Mills/The New York TimesTariffs in the Rose Garden

Global markets are mostly lower ahead of President Trump’s big tariffs rollout today, but it’s not the tumult that has rocked stocks in recent weeks.

S&P 500 futures are holding steady, in the red, as economists warn that Trump’s protectionist policies could set off a global trade war that slams growth and raises prices.

Business leaders and policymakers are on tenterhooks over what the president might introduce this afternoon. As of yesterday, Trump’s team was still debating what the reciprocal tariffs would look like, Bloomberg reports.

The big questions: Will they involve a blanket flat rate —

Keep reading this article on Andrew Ross Sorkin – Author New York Times.

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