NEW YORK (AP) — U.S. stocks whipped through another dizzying day Wednesday in the final hours before President Donald Trump’s unveiling of the tariffs promised as part of his “ Liberation Day ,” which could drastically remake the global economy.

Financial markets around the world have been particularly shaky lately because of all the uncertainty around what Trump will announce in the event scheduled to begin after the U.S. stock market closes for the day.

President Donald Trump will announce a new wave of tariffs against many major U.S. trade partners Wednesday in what he calls "Liberation Day."

Based on the possibility of broad 20% tariffs that have been floated by some White House aides, most analyses see an economy tarnished by higher prices and stagnation. U.S. econom

White House trade adviser Peter Navarro has suggested that the new tariffs would raise $600 billion annually, which would be the largest tax increase since World War II. Treasury

London shares fell on Thursday as investors worldwide abandoned risky assets following U.S. President Donald Trump's announcement of aggressive reciprocal tariffs, stoking widespread fears of a global recession.

The conservative newspaper's editorial board listed some of the ways the move could backfire on the president and his agenda.

Donald Trump launched a new assault on the global trading order on Wednesday, imposing a barrage of new tariffs including on all US imports in a move that sent Wall Street stock futures tumbling. The president said a levy of 10 per cent would apply to nearly all US imports from April 5 as he also revealed additional so-called reciprocal duties,