Trucks coming from Mexico enter the United States to an inspection station after crossing the border in Otay Mesa, California, on April 1, 2025. Credit - Sandy Huffaker—AFP via Getty Images International trading partners and U.S. consumers alike are watching closely at what President Donald Trump does on April 2, which he has dubbed “Liberation Day.” That’s when the President will announce a sweeping set of reciprocal tariffs—which involve levying taxes on imported goods at the same rate that U.S. exports are taxed. President Trump has claimed that such tariffs would increase domestic jobs and bring companies back to the...