Trump has repeatedly called April 2 "Liberation Day." He is expected to enact reciprocal tariffs on major trading partners, especially those that contribute the most to the $1.2 trillion U.S. trade deficit.

President Donald Trump on Wednesday unveiled expansive ... many of whom are already on the ropes. Trump’s “Liberation Day” announcement did little to clear the dense fog of uncertainty.

Jeremy Siegel from Wharton School claims Trump's tariffs are the biggest policy mistake in 95 years. He warns short-term traders of potential market turbulence. He also expects the Federal Reserve to cut interest rates soon due to the global impact of the tariffs.

Donald Trump reportedly personally decided the rates for his controversial, sweeping tariffs and ignored advice from experts in the government mere hours before the signing of his executive order