What is ‘Liberation Day?’ Trump reciprocal tariffs will hit on April 2, and they could roil the economy even more

For weeks, President Donald Trump has said he’ll be imposing a range of fresh tariffs on imports from other countries this Wednesday, April 2, calling it “Liberation Day” and the “big one.” But what does that even mean?

“For DECADES we have been ripped off and abused by every nation in the World, both friend and foe,” Trump explained in his own words in a post on Truth Social. “Now it is finally time for the Good Ol’ USA to get some of that MONEY, and RESPECT, BACK. GOD BLESS AMERICA!!!”

On Wednesday...