US stock market dips days before Trump’s new tariffs take effect – live updates

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White House defends tariffs ahead of ‘Liberation Day’published at 18:55 British Summer Time 31 March

Bernd Debusmann Jr
Reporting from the White House

Karoline Leavitt at the White HouseImage source, Bernd Debusmann Jr/BBC

Just a few moments ago, we heard from White House Press Secretary Karoline Leavitt, who addressed reporters outside the West Wing.

In brief question-and-answer session with US and foreign reporters, Leavitt was asked whether there is anything countries can do to stave off the impending tariffs.

“Unfortunately, these countries have been ripping our country off for far too long,” she said. “They’ve made, I think, their disdain for these the American worker quite clear.”

She gave several examples, including a 50% EU tariff on American dairy, a 700% Japanese tariff on American rice and a 100% tariff in India on American agriculture products.

“This makes it virtually impossible for American products to be imported into these markets, and…

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