U.S. President Donald Trump announced Wednesday his long-awaited plan to impose what he's calling "retaliatory" tariffs on imports coming from dozens of countries — but the White House said there will be no more levies applied to Canada than what has previously been announced.

U.S. stocks tumbled in early trading on Tuesday, just a day before President Donald Trump's expected announcement of sweeping new tariffs. The Dow Jones Industrial Average fell 250 points, or 0.6%, while the S &P 500 declined 0.45%. The tech-heavy Nasdaq ticked down 0.3%.

President Donald Trump announced wide-ranging reciprocal tariffs against U.S. trading partners Wednesday, dubbing it "Liberation Day."

President Donald Trump said the U.S. will put at least a 10% tariff on all goods coming into the U.S., with much higher tariffs for some of America's closest trading partners, in a sweeping move that could revamp global trade and the U.S. economy.

The impetus of what President Donald Trump has called “Liberation Day” is clear. He wants to impose sizable tariffs on many imports. That plays into China’s hand.

President Donald Trump plans to launch sweeping reciprocal tariffs on Wednesday. Though details surrounding Trump's economic policy remain unclear, Trump has promoted his Wednesday announcement as "the big one,

U.S. President Donald Trump goes through many of the rates at which his administration plans to impose tariffs on countries around the world in response to their tariffs on the U.S. What happens on Trump's 'Liberation Day'?

The UK has been hit with a 10% tariff on all of its goods being brought into the US, which Trump says is a retaliation to UK tariffs on American goods, but uncertainty remains over the potential impact on British consumers.

Global investors are close to getting some clarity on the Trump administration's tariff plans on Wednesday, but with little detail on what to expect, financial markets remain on edge.