Trump told Cabinet that Elon Musk will leave administration in coming months

What to Know

  • President Donald Trump is expected to roll out the largest set of new trade barriers in generations Wednesday, calling it “Liberation Day.”
  • He is expected to speak at 4 p.m. ET at a Rose Garden event to announce the tariffs.
  • The White House has said that the newest tariffs would be reciprocal with other nations and that they would include duties on specific sectors like pharmaceuticals or computer chips.
  • Trump’s tariff threats have not been well received by businesses and consumers. Ahead of today’s market open, stock futures were lower.

President Donald Trump is set to announce a sweeping plan Wednesday to place tariffs on potentially trillions of dollars’ worth of goods imported into the United States. Follow along for live updates.


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