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.

President Donald Trump says “Liberation Day” is coming. On Wednesday, he plans to roll out a set of tariffs that he promises will free the United States from foreign goods.

Trump has repeatedly called April 2 “Liberation Day,” with promises to roll out a set of tariffs, or taxes on imports from other countries, that he says will free the U.S. from a reliance on foreign goods. To do this, Trump has said he’ll impose “reciprocal” tariffs to match the duties that other countries charge on U.S. products.

But at the heart of the decision-making is Trump himself — who has agitated for tough tariffs for more than 40 years.

The president's long-awaited tariff announcement will come on the same day Trump faces a possible rebuke from the Senate. Enough Republicans are expected to join Democrats on Wednesday in voting to end the emergency declaration enabling tariffs against Canada.

"Liberation Day" is what President Donald Trump is calling the day he announces a new round of tariffs targeting foreign goods.

Just hours before Donald Trump's "Liberation Day", the US president was still working with his cabinet to finalise the details of what is expected to be the most significant overhaul of America's trade policy in over three decades,

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,

Trump said he would impose new trade plans on "Liberation Day" on April 2. Here's everything we know, including a possible raft of reciprocal tariffs.