Trump’s final plans in flux as trade partners brace for impact

President Donald Trump is set to unveil new tariffs today at the White House.

Trump will detail sweeping new levies on imported goods into the United States at a Rose Garden event at 4 p.m. ET.

Trump says the tariffs are intended to be “reciprocal,” meaning they will be imposed on imports from countries that erect trade barriers on U.S. goods that the White House considers unfair.

Uncertainty over the tariffs and worries about their impact on the economy have roiled the stock market for weeks.

Ontario Premier Doug Ford stands ready to remove retaliatory tariffs on U.S. products if Trump cancels heavy American import duties on Canadian goods.

“We’re willing to take these tariffs off, like in the next minute if he said he’s taking their tariffs off,” Ford told CNBC’s “Squawk Box.”

Canada has imposed 25% tariffs on more than $20 billion worth of U.S. goods in retaliation for the Trump administration’s steel and aluminum duties.

On top of it, Ottawa has slapped 25% counter-tariffs on $30 billion worth of U.S. goods, in response to Trump’s imposition of broad-based tariffs on Canadian imports.