Live updates: Trump slams trade partners as he unveils new tariffs

President Trump’s long promised day of reciprocal tariffs arrived, and he announced sweeping actions in a Rose Garden event on Wednesday afternoon.

“It’s liberation day in America,” Trump posted in all caps to his Truth Social platform around 7 a.m. By day’s end, he set up a baseline 10 percent tariff on imports from all foreign countries, as well as higher tariff rates for dozens of nations that the White House deemed the “worst offenders” when it came to trade barriers.

“This is one of the most important days, in my opinion, in America’s history,” Trump said. “It’s our declaration of economic independence.” 

While the president has also pressured former Senate GOP Leader Mitch McConnell (R-Ky.) and other Republicans he’s labeled “disloyal” in the upper chamber to vote against Democrats’ resolution to bar his emergency declaration to impose tariffs on Canada, it looked likely to pass in a vote set for Wednesday evening.

In the Senate, the Finance Committee unveiled a 70-page budget resolution that will serve as the vehicle for adopting Trump’s agenda.

The budget blueprint would give Senate Budget Committee Chair Lindsey Graham (R-S.C.), a staunch ally of President Trump, the power to determine whether extending the 2017 Trump tax cuts officially adds to the federal deficit.

Follow along here all day for updates on this news and more.