NEW YORK (AP) — U.S. stocks are falling Wednesday in the final hours before President Donald Trump unveils the tariffs he promised as part of his “ Liberation Day ” that could drastically remake the global economy and trade.

Stocks tumbled in after-hours trading Wednesday after gaining ground during the regular session ahead of a highly anticipated announcement from President Trump on new tariffs.

The market may react negatively to tariff announcements, with Dow Jones Futures dipping due to inflation concerns. Higher tariffs could delay US Federal Reserve rate cuts, impacting economic growth and market sentiment,