Donald Trump has dubbed Wednesday April 2, 2025, "Liberation Day." What is it, and how does it apply to tariffs in the United States?

In a chaotic week for nearly every industry in Washington, nothing embodied the oddness of the moment for Big Tech more than a single photo: the ultra-progressive former Federal Trade Commission Chair Lina Khan and ultra-conservative populist Steve Bannon posing, with tight-lipped smiles, together.

The large service side of the economy grew in March at the slowest pace in nine months, reflecting government spending cuts and uncertainty among businesses spawned by U.S. tariffs. The service index compiled by the Institute for Supply Management dropped to 50.8% in March from 53.5% in the prior month.

Liberation Day,” the ball is in the court of other countries to respond to President Donald Trump’s tariffs. The statement by European Commission President Ursula von der Leyen encapsulated [the mixed