But what will actually happen when the clock strikes midnight on what some are calling "Liberation Day 2.0" is anyone's guess. A series of comments from Trump and his officials this week — even within a 12-hour span Wednesday — were notable for the variety of scenarios they have on the table.

President Donald Trump’s pledge to exert US power around the world is being tested in Europe and the Middle East, but this weekend offers him a chance to display that power on American soil.

Trump’s shocking new tariff plan just hit 185 countries at once, triggering major market turmoil. The S&P 500 swung by $2 trillion in minutes after Trump announced a 10% baseline tariff with additional reciprocal rates targeting countries like China and the EU.

Lawmakers were active stock traders in the days following Trump’s Liberation Day tariff announcement. A study of trades shows House lawmakers (or their families) made 1,865 trades in April. This comes amid calls for reform that would prevent lawmakers from trading individual stocks.

President Trump told reporters on Wednesday that he would send letters to trading partners in the next week or two setting unilateral tariff rates. “At a certain point, we’re just going to send letters out.

Is "Liberation Day" about to trigger the biggest trade war in modern history? President Trump plans sweeping tariffs on up to 25 countries, impacting over $5 trillion in imports and pushing U.S. tariff rates to their highest levels since 1946.

The Trump administration is “highly likely” to extend next month’s deadline for countries to agree one-for-one trade deals — so long as they are engaged in “good-faith negotiations,” Treasury Secretary Scott Bessent told lawmakers Wednesday.

The UK economy shrank by 0.3% during April after Donald Trump imposed sweeping tariffs on foreign imports, official numbers show. It’s a blow to Rachel Reeves, who tried to splash the cash for government departments in her spending review yesterday.