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Donald Trump is expected to announce significant tariffs on various goods during his designated 'Liberation Day' on April 2, which could have far-reaching effects on many nations and markets, according to White House press secretary Karoline Leavitt. Goldman Sachs has raised the probability of a U.S. recession to 35% due to concerns about the potential impact of Trump's tariffs on the global economy. Australia's Prime Minister Anthony Albanese has confirmed that his government will not retaliate against the tariffs, emphasizing the importance of national interests. Additionally, Israel has become the first country to eliminate all tariffs on U.S. goods since Trump's reelection.