Trump has repeatedly called April 2 “Liberation Day,” with promises to roll out a set of tariffs, or taxes on imports from other countries

President Donald Trump has announced that on April 2 he will impose tariffs on countries engaged in “non-reciprocal” trade with the United States, but the formula for calculating reciprocal tariff

Investors are concerned about President Trump's plans to roll out new tariffs on April 2, which economists say could reignite inflation.

President Donald Trump will announce his reciprocal tariff push on Wednesday during an event in the White House Rose Garden, his top spokeswoman said.

Trump has repeatedly referred to April 2 as "liberation day," saying a wide-ranging slate of reciprocal tariffs would rebalance U.S. trade relationships. Trump's plan for reciprocal tariffs next week, however, is expected to be narrower than he previously vowed, though the plan remains under discussion, sources told ABC News this week.

European Commission President Ursula von der Leyen said Brussels has a 'strong plan' to counter US President Donald Trump's long-touted but still-unspecified reciprocal tariffs.

Donald Trump earlier issued a deadline of April 2 to impose reciprocal tariffs on India, Japan and other countries that impose high tariffs on American goods.

US stocks are trying to rebound, with the Dow erasing an early 300-point drop to trade up. Investors see April 2 tariffs as catalyst for next move.