All eyes are on President Trump as he prepares to reveal the next phase of his sweeping tariff agenda, leaving global markets fearing a trade war

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.

President Donald Trump has been calling April 2 "Liberation Day" as he reportedly plans a new round of tariffs.

President Trump has set a deadline of Wednesday to announce sweeping tariffs

Meanwhile, tariffs on imported autos are to go into effect on Wednesday. While economists predict Trump's tariffs will raise prices in the U.S., Trump told reporters Sunday that automakers "are going to make a lot of money," suggesting the measures would encourage companies "to build in the United States."

As our stock market live blog covered (and as my colleague ... which saw their worst one-day sell-off since 2020, as "Liberation Day" tariffs surprised markets. "Magnificent Seven" tech stocks ...

It comes as the president recently announced a 25% tariff on imported vehicles and some auto parts among other tariffs.

President Donald Trump is set to announce a barrage of tariffs Wednesday in what he is calling “Liberation Day."