Carey Stewart Cezar, a retired nurse who lives in Baltimore, watched with dismay Wednesday as President Donald Trump announced sweeping tariffs on imports.

President Donald Trump said the U.S. will put at least a 10% tariff on all goods coming into the U.S., with much higher tariffs for some of America's closest trading partners, in a sweeping move that could revamp global trade and the U.S. economy.

The president brought onstage an auto worker from Michigan he spotted applauding his announcement of a 25% tariff on foreign vehicles, and the man - identified only as "Brian" - claimed everyone will love that tax six months or so down the road when we start to see the benefits, and not just higher vehicle prices.

After considerable delays and widespread market uncertain, President Donald Trump revealed a major new wave of tariffs on April 2.

Markets showed heavy after-hours trading, also called extended trading, following Trump’s Rose Garden announcement. So far, there have been drops of 4% at Nvidia, 5% at Tesla, 6% at Apple, 7% at Nike, 11% at Five Below and 12% at Gap, the finance news network reported.

President Donald Trump announced his highly anticipated trade plan from the Rose Garden of the White House on Wednesday, which he has declared "Liberation Day."

The White House held a call with House Republican aides rallying them around Trump's tariff plan, Fox News Digital was told.

Initial market indications on early Wednesday evening were that many investors had expected Trump’s tariffs to be far less expansive.

Australia's central bank warned on Thursday that U.S. trade policies could pose significant headwinds for the global economy, causing a sharp rise in risk aversion in markets and lifting financing costs for firms.

The CEO of Canada’s only rice mill said he’s relieved his company was spared a second tariff when President Donald Trump announced sweeping new levies (AP video: Mike Householder)