U.S. stocks opened down Friday morning after China announced retaliatory tariffs overnight, continuing a tumble beginning after Wednesday's announcement. JP Morgan now calculates a 60% chance for a recession this year.

President Donald Trump is calling Wednesday "Liberation Day," but what does it mean? What will happen on April 2? Here's what to know.

President Donald Trump announced 10% reciprocal tariffs on all countries, as well as far higher levies for some trading partners, including China.

The global economy waits as the White House prepares for a major trade announcement. The world is bracing for impact as the so-called “Liberation Day” arrives Wednesday—the latest installment of President Trump’s tariff announcements since his return to office in January.

President Donald Trump announced sweeping tariffs on most nations Wednesday, which his administration says will free the United States from relying on other countries for trade. The president has framed these tariffs as “reciprocal” to match trade barriers that other countries impose on products from the U.

Trump has repeatedly called April 2 "Liberation Day." He is expected to enact reciprocal tariffs on major trading partners, especially those that contribute the most to the $1.2 trillion U.S. trade deficit.

President Donald Trump is touting April 2 as the day the U.S. gets "money, and respect, back." Here's why he's calling it "Liberation Day."

President Donald Trump has routinely declared tariffs as one of the most beautiful words in the dictionary and has regularly accused foreign countries of ripping off the U.S.

HighGround Dairy charged that “Trump's Liberation Day” was “Adding to already turbulent trade discussions between the U.S. and other nations."