President Trump unveiled a universal import duty of 10% on all products, as well as reciprocal tariffs on imports from 60 nations.

President Trump, accusing "friend and foe alike" of taking advantage of the United States on trade issues, said he would impose reciprocal tariffs on countries all over the world.

Trump says his tariff announcements slated for Wednesday will amount to a “Liberation Day” for the U.S. But American businesses and financial markets are unlikely to be freed from the uncertainty generated by his often stop-and-go trade policy.