President Donald Trump declared that April 2 is Liberation Day in the United States and ordered the establishment of reciprocal tariffs on all imported foreign goods from countries that charge

Russia and North Korea were excluded from Trump's tariff list as neither country engages in meaningful trade relations with the United States.

Donald Trump has dubbed Wednesday April 2, 2025, "Liberation Day." What is it, and how does it apply to tariffs in the United States?

Mr. Trump announced last week that vehicles and auto parts imported into the U.S. will be subject to a 25% tariff rate. The auto tariffs are expected to go into effect at midnight, just hours after the latest round of tariff announcements by the president Wednesday afternoon.

Treasury Secretary Scott Bessent unpacks the Trump administration's sweeping retaliatory tariffs on 'Special Report.'

Trump says his tariff announcements slated for Wednesday will amount to a “Liberation Day” for the U.S. But American businesses and financial markets are unlikely to be freed from the uncertainty generated by his often stop-and-go trade policy.

The U.S. has used tariffs to protect industry since 1789. That approach decimated American shipbuilding and could do the same to clean tech.

President Donald Trump says his tariff announcements slated for Wednesday will amount to a “Liberation Day” for the United States.

The Kremlin was among a handful of countries noticeably exempt from Trump’s decision to slap a 10% baseline tariff on all imports to the US, as well as higher duties on some of its biggest