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.

Donald Trump's latest batch of global tariffs sent shockwaves through markets, seeing Apple stock slide more than six percent in late-night trading Wednesday. The president announced that blanket 10 percent tariffs on all countries and much higher levies on “worst offenders” such as China and Taiwan.

Donald Trump’s 25% tariff on U.S. auto imports kicks in Thursday, and the levies look set to upend the industry. A Reuters calculation shows the duties will hit some $460 billion-worth of cars and parts every year.

President Trump announced a 25% tariff on all foreign-made automobiles. Those tariffs are set to go into effect Thursday.

US President Donald Trump has announced a universal "baseline" 10% tariff on all imports into the US, on what he has dubbed "Liberation Day". Trump also unveiled a 10% tariff on UK goods and 20% on EU goods in a watershed moment for global trade.

President Donald Trump's punishing tariffs rocked global financial markets on Thursday, with the dollar and U.S. stocks tumbling as investors rushed to safe havens on fears a broadening trade war would push an already fragile world economy into recession.

Canada said it would impose a 25 percent tariff on some autos imported from the United States, retaliating against President Donald Trump's levies that came into affect on Thursday. Prime Minister Mark Carney announced "25 percent tariffs on all vehicles imported from the United States that are not compliant with CUSMA,

Volkswagen will introduce an "import fee" on vehicles affected by the 25% tariffs imposed by U.S. President Donald Trump, the Wall Street Journal reported on Wednesday.