IT’S LIBERATION DAY IN AMERICA!,” Trump wrote in a 7:06 a.m. EDT post to his Truth Social site, referring to what he previously described as the “BIG ONE,” reciprocal tariffs.

President Donald Trump announced 10% reciprocal tariffs on all countries, as well as far higher charges for some trading partners including China.

President Donald Trump has declared Wednesday "Liberation Day," when he is expected to roll out a tariff plan that will emphasize his "America First" mission.

Today is, in President Trump’s telling, “Liberation Day.” For decades, many countries have imposed higher trade barriers on the United States than America does on them. In a Rose Garden event, Trump plans to strike back with tariffs that he claims will be “reciprocal” — ones that merely counter the penalties of other nations.

Trump's reciprocal tariffs, explained. President Trump announced yesterday that new tariffs would go into effect on imports from about 185 countries, including the U.S.’s larges

Tech stocks took a beating after President Trump announced sweeping global tariffs ranging from 10% to 49% on both “ friend and foe .” The wave of tariffs sent global markets plunging, with U.S. companies reliant on Asian supply chains hit particularly hard.

Here’s what else you need to know to Get Up to Speed and On with Your Day . If your day doesn’t start until you’re up to speed on the latest headlines, then let us introduce you to your new favorite morning fix.

Following President Trump’s announcement of sweeping tariffs on goods imported to the U.S., many world leaders are vowing to impose their own countermeasures. NBC News’ Molly Hunter breaks down which countries could be the most affected by the president’s tariffs and how world leaders are responding.

Britain will consult businesses on the implications of any retaliatory action to U.S. President Donald Trump's tariffs of 10% on British imports, its business secretary said on Thursday.