Trump has repeatedly called April 2 "Liberation Day." He is expected to enact reciprocal tariffs on major trading partners, especially those that contribute the most to the $1.2 trillion U.S. trade deficit.

Donald Trump launched a bizarre rant claiming the 'patient lived, and is healing' after unveiling punitive tariffs on all imports - but his move has sent US financial markets into meltdown

When it comes to the tech industry, semiconductor manufacturers come out largely unscathed while e-commerce giants will see major changes that could affect what price their goods are sold. View on eur