What is Trump's new Liberation Day and what to expect April 2?

President Donald Trump declared Wednesday will serve as the nation's "Liberation Day," as he is anticipated to enact trade policies emphasizing his "America First" mission, which his administration says will help end the U.S.' reliance on goods made overseas. 

Trump is expected to roll out his reciprocal tariff plans Wednesday, which will levy additional taxes on nations that export goods to the U.S. 

"April 2nd, 2025, will go down as one of the most important days in modern American history," White House press secretary Karoline Leavitt said during Tuesday's White House press briefing. "Our country has been one of the most open economies in the world, and we have the consumer base, hands down — the best consumer base. But too many foreign countries have their markets closed to our e...