Follow The Post’s live updates on President Trump’s “Liberation Day” tariff plan for the latest news, analysis and market reactions after he unveiled reciprocal import

Meanwhile, tariffs on imported autos are to go into effect on Wednesday. While economists predict Trump's tariffs will raise prices in the U.S., Trump told reporters Sunday that automakers "are going to make a lot of money," suggesting the measures would encourage companies "to build in the United States."

President Trump has set a deadline of Wednesday to announce sweeping tariffs

Few details of the announcement are known prior, creating anxiety among the business community and global leaders.

The president's long-awaited tariff announcement will come on the same day Trump faces a possible rebuke from the Senate. Enough Republicans are expected to join Democrats on Wednesday in voting to end the emergency declaration enabling tariffs against Canada.

Manfred Weber, president of The European People's Party Group, the largest party in the European Union, said on social media: "Today isn't liberation day—it's resentment day. Donald Trump's ...

President Donald Trump has been calling April 2 "Liberation Day" as he reportedly plans a new round of tariffs.

President Donald Trump is set to announce a barrage of tariffs Wednesday in what he is calling “Liberation Day."