President Donald Trump’s “Liberation Day” is here. For months, Trump kept businesses and nations across the globe largely in the dark on his tariff plans that revolve around what he refers to as “reciprocal tariffs.

The White House says Wednesday's expected announcement of new, aggressive tariffs will be a "Liberation Day" for American consumers, but even many in the business sector are concerned about their potential impact on their bottom line.

The president is expected to unveil details of his plans for a wider set of import taxes. But what tariffs and when?