It comes as the president recently announced a 25% tariff on imported vehicles and some auto parts among other tariffs.

Trump has repeatedly called April 2 "Liberation Day." He is expected to enact reciprocal tariffs on major trading partners, especially those that contribute the most to the $1.2 trillion U.S. trade deficit.

Problem is, economists widely agree that tariffs, if applied broadly, result in higher prices for consumer goods regardless of where they are being made, push other countries to raise their own tariffs instead of lowering them and,

President Donald Trump is touting April 2 as the day the U.S. gets "money, and respect, back." Here's why he's calling it "Liberation Day."

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.

President Donald Trump is "always up for a good negotiation," the White House said as the administration is gearing up to announce April 2 "Liberation Day" tariffs.

Trump's announcement of mass tariffs on nearly all U.S. imports on April 2 immediately caused the stock market to free fall, according to a report from NBC News. On Thursday, the

US President Donald Trump’s long-promised ‘Liberation Day’ has arrived, with global attention fixed on his latest move to reshape trade policies. Trump is set to announce a sweeping set of tariffs on Tuesday at 4 pm Eastern Time (2000 GMT / 1.

President Trump prepares to unveil ‘very kind’ tariffs as critics warn of a global trade war and a slowdown in growth.