President Donald Trump said countries, whether staunch allies or adversaries, would be subject to at least a 10% tariff.

President Donald Trump declared that April 2 is Liberation Day in the United States and ordered the establishment of reciprocal tariffs on all imported foreign goods from countries that charge

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.

Russia and North Korea were excluded from Trump's tariff list as neither country engages in meaningful trade relations with the United States.

The president is promising widespread, worldwide tariffs to take effect this week but no one is entirely sure what he means by that yet.

President Donald Trump says his tariff announcements slated for Wednesday will amount to a “Liberation Day” for the United States.

Trump is currently waging an on-again, off-again 25% tariffs war with Mexico and Canada. And more recently, Trump announced plans for 25% tariffs on automobiles and auto parts and has suspended a 10% tariff on Canadian oil and gas until April 2 (US time).

Some countries are promising swift countermeasures; others are asking for an opportunity to negotiate with the U.S. to avoid trade war.