President Donald Trump is set to unveil his long-promised reciprocal tariffs on foreign adversaries and allies that are set to go into effect immediately once they are announced on Wednesday. It comes as he ramps up cuts to the federal workforce with about 10,000 jobs eliminated across the Department of Health and Human. NBC’s Peter Alexander reports for TODAY. » Subscribe to TODAY: https://www.youtube.com/@TODAY About: TODAY brings you the latest headlines and expert tips on money, health and parenting. We wake up every morning to give you and your family all you need to start your day. If it matters to you, it matters to us. We are in the people business. Subscribe to our channel for exclusive TODAY archival footage & our original web series. Connect with TODAY Online! Visit TODAY's Website: https://www.today.com/ Find TODAY on Facebook: https://www.facebook.com/today Follow TODAY on Twitter: https://twitter.com/TODAYshow Follow TODAY on Instagram: https://www.instagram.com/todayshow/ » Stream TODAY All Day: https://www.today.com/allday About: TODAY All Day is a 24/7 streaming channel bringing you the top stories in news and pop culture, celebrity interviews, cooking, and more. All in one place. #donaldtrump #economy #tariffs