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President Donald Trump’s sweeping tariffs will take immediate effect after they are announced Wednesday, his top spokeswoman said. 

“My understanding is that the tariff announcement will come tomorrow. They will be effective immediately, and the president has been teasing this for quite some time,” White House Press Secretary Karoline Leavitt told reporters on Tuesday.  

The US president said Monday he had “settled” on a plan for so-called “reciprocal” duties meant to rebalance US trade relationships. Leavitt said that Trump, who has been known to change his mind on major policy announcements, was meeting Tuesday afternoon with his trade team to discuss the details.

Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe and Kailey speak with:

• Bloomberg Politics Editor Laura Davison ahead of President Donald Trump's tariff announcement Wednesday.
• Managing Director of Policy and Advocacy at the Groundwork Collaborative Liz Pancotti about the possible economic impact of tariffs.
• Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino about elections in Wisconsin and Florida Tuesday.
• Constitutional lawyer Robert McWhirter as House Judiciary Chair Jim Jordan calls on appropriators to add language in legislation funding the federal judiciary limiting nationwide injunctions issued by district court judges.