President Donald Trump's "Liberation Day" appeared set to end North American free trade and Mexico's privileged access to the U.S. Instead, Mexican officials are celebrating being left off Trump's global tariffs list,

Liberation Day” tariffs set to start on April 2 will drive up new home prices by several thousand dollars and curb development, builders warn.

President Donald Trump revealed his tariff plans as part of a "Liberation Day" ceremony at the White House. Uncertainty over tariffs has roiled financial markets in recent weeks.

It comes as the president recently announced a 25% tariff on imported vehicles and some auto parts among other tariffs.

President Donald Trump said countries, whether staunch allies or adversaries, would be subject to at least a 10% tariff.

The Trump administration is planning to impose a round of fresh tariffs on April 2, a day President Trump has dubbed " Liberation Day. " The announcement is viewed by economists as the culmination of his "America First Trade Policy," an executive order he signed on his first day in office aimed at revitalizing U.S. manufacturing.

William Blair analyst Dylan Carden said "the April 2 tariffs seem purpose-built to hobble the apparel industry."

President Donald Trump announced 10% reciprocal tariffs on all countries, as well as far higher levies for some trading partners, including China.