President Donald Trump has declared Wednesday "Liberation Day," when he is expected to roll out a tariff plan that will emphasize his "America First" mission.

Donald Trump's label of 'Liberation Day' symbolizes his administration's intent to declare economic independence from foreign suppliers. This characterization is crucial as it reflects the ideological stance that underpins the tariffs.

Tariffs could greatly impact corporate profits, global growth, inflation, and Federal Reserve interest rate decisions. At the start of the year, investors were optimistic about the Trump administration's pro-growth policies,

President Donald Trump's punishing tariffs rocked global financial markets on Thursday, with the dollar and U.S. stocks tumbling as investors rushed to safe havens on fears a broadening trade war would push an already fragile world economy into recession.

Countries will struggle to figure out how Trump’s officials calculated each specific rate, which he said was based on a mix of tariffs, subsidies and currency manipulation. A few, such as Brazil and the UK,

President Donald Trump's move to slap a 10% tariff on most goods imported to the United States, as well as much higher levies on dozens of rivals and allies alike, has intensified a global trade war that threatens to stoke inflation and stall growth.