The president's long-awaited tariff announcement will come on the same day Trump faces a possible rebuke from the Senate. Enough Republicans are expected to join Democrats on Wednesday in voting to end the emergency declaration enabling tariffs against Canada.

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

Trump imposed the steepest US tariffs in more than a century, stepping up his campaign to reshape global trade.

US President Donald Trump announced a sweeping new set of tariffs on Wednesday, arguing that they would allow the United States to economically flourish. These new import taxes, which Trump imposed via executive order,

President Donald Trump on Wednesday announced far-reaching new tariffs on nearly all U.S. trading partners -- a 34% tax on imports from China and 20% on the European Union, among others -- that threaten to dismantle much of the architecture of the global economy and trigger broader trade wars.

The Dow Jones Industrial Average dropped more than 1,600 points on Thursday as U.S. stocks led a worldwide selloff after the Republican president's announcement of tariffs against much of the world ignited a shock like none seen since the COVID-19 pandemic.

Trump’s latest tariffs, which include a 34% tax on imports from China and 20% on the European Union, came during an hourlong speech at the White House Rose Garden.

President Donald Trump rolled out his set of tariffs on Wednesday, Trump's "Liberation Day" to "Make America Wealthy Again."