President Donald Trump is holding a "Make America Wealthy Again" event, during which he is expected to announce and reveal further details surrounding his "Liberation Day" tariffs that will roll out Wednesday.

Few details of the announcement are known prior, creating anxiety among the business community and global leaders.

The president's long-awaited tariff announcement will come on the same day Trump faces a possible rebuke from the Senate. Enough Republicans are expected to join Democrats on Wednesday in voting to end the emergency declaration enabling tariffs against Canada.

U.S. customs agents began collecting President Donald Trump's unilateral 10% tariff on all imports from many countries on Saturday, with higher levies on goods from 57 larger trading partners due to start next week.

President Trump's announcement of tariffs against all the United States' trade partners sent shockwaves through the financial markets this week. CBS News reports.

Lawsuits are expected that question whether the president has overstretched his emergency powers.

Goldman Sachs and other firms are warning of a recession. Bill Ackman floated a 90-day tariff timeout. Even the Federal Reserve chair weighed in.

The effects of President Donald Trump’s tariffs are starting to be felt across the globe, with his blanket 10% tax on imports now in effect. Much steeper tariffs are set to go into place by midweek, after a weekend that saw mass protests across the nation.

US President Donald Trump has declared a national economic emergency and implemented a policy of reciprocal tariffs. The US is imposing a baseline tariff of 10% on all countries, with higher tariffs on nations with significant trade deficits.