President Donald Trump is expected to declare his next round of tariffs at the White House Wednesday. The announcement is scheduled for 4 p.m. EDT. He has dubbed April 2 as "Liberation Day," and White House officials said the implementation of the financial levies on foreign imports will take place immediately upon his proclamations.

President Donald Trump will unveil new tariffs on April 2, dubbed “Liberation Day,” targeting trade imbalances. The plan includes 25% tariffs on semiconductors, microchips, pharmaceuticals, and foreign vehicles.