Several nations have rushed to secure last-minute deals with the White House ahead of US President Donald Trump’s expected tariff hikes targeting all economies. The University of Michigan’s Justin Wolfers says an American trade offensive is likely to hurt working and middle-class Americans ‘more than anyone in the world’. Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2025-04-02/donald-trump-tariffs-april-2-us-trade-history/105093816 ABC News provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation. For more from ABC News, click here: https://ab.co/2kxYCZY Watch more ABC News content ad-free on ABC iview: https://ab.co/2OB7Mk1 Go deeper on our ABC News In-depth channel: https://ab.co/2lNeBn2 Like ABC News on Facebook: http://facebook.com/abcnews.au Follow ABC News on Instagram: http://instagram.com/abcnews_au Follow ABC News on X (Twitter): http://twitter.com/abcnews Note: In most cases, our captions are auto-generated. #ABCNews #ABCNewsAustralia #abcnewschannel