Internet reports that White House Press Secretary Levitt said Trump's comprehensive tariffs will take effect immediately after they are announced on Wednesday. "My understanding is that the tariff announcement will be announced tomorrow," Levitt said."These measures will take effect immediately." Trump plans to announce tariffs on global trading partners at an event held in the White House Rose Garden at 4 pm local time on April 2 (4 am the next day Beijing time). Levitt provided no clues about the size and scope of the tax, but said Trump is open to hearing from foreign government and business leaders calling for lower tax rates. She said many countries have contacted the U.S. government about Trump's plans. Levitt also downplayed market fluctuations before the announcement. Investors worried that tariffs could push up inflation, causing weeks of selling in U.S. stocks. "Wall Street will be fine, just like it was during Trump's first term," Levitt said.