Trump Has Called April 2 ‘Liberation Day’—What’s Happening?

April 2 will be America’s “liberation day,” President Donald Trump says. The president is set to unveil his administration’s reciprocal tariffs on U.S. trading partners. This initiative is to feature the United States matching tariff rates set by other countries on American goods. “If they charge us, we charge them,’’ the president said in February. “If they’re at 25, we’re at 25. If they’re at 10, we’re at 10. And if they’re much higher than 25, that’s what we are too.’’ In recent weeks, Trump and other White House officials have given hints about what to expect. Whatever happens, Trump has touted April 2 as the day that the United States will get its “money” and “respect” back after decades of being “ripped off and abused by every nation in the world—both friend and foe.”...