President Donald Trump has declared Wednesday what he's dubbed as “Liberation Day," but what does that mean and how could it impact you?

President Donald Trump has designated April 2, 2025 as “Liberation Day,” as he implemented new tariffs on America’s trading partners. The new tariffs will affect 180 different countries across the world,

Some countries are promising swift countermeasures; others are asking for an opportunity to negotiate with the U.S. to avoid trade war.