India, April 2 -- Donald Trump has dubbed April 2 'Liberation Day,' when the US president will enact a series of new reciprocal tariffs. Details about Trump's upcoming policies remain unclear, but he has said Wednesday's tariff announcement will be "the big one."

Trump will announce tariffs at a 4 pm ET event on April 2. The tariffs will be introduced at a White House Rose Garden 'Make America Wealthy Again' event. According to White House Press Secretary Karoline Leavitt, the tariffs would go into effect immediately and collections will begin on Thursday.

Trump's 'Liberation Day' will be a significant day in the president's extended trade war with the world. On this day, he will declare a tariff increase, a combative action expected to...