Trump has repeatedly called April 2 "Liberation Day." He is expected to enact reciprocal tariffs on major trading partners, especially those that contribute the most to the $1.2 trillion U.S. trade deficit.

When it comes to the tech industry, semiconductor manufacturers come out largely unscathed while e-commerce giants will see major changes that could affect what price their goods are sold. View on eur

US President Donald Trump plans to escalate his trade war by announcing significant tariffs on April 2, dubbed "Liberation Day". Despite opposition from business and congressional allies, Trump is set on using tariffs to strengthen the US economy.