Trump tariffs weigh on stocks as "Liberation Day" looms

"Liberation Day" has investors heading toward the exits. Stocks slid in early trading as investors brace for President Trump to announce a fresh round of tariffs on Wednesday afternoon.

Mr. Trump is using the phrase to describe so-called reciprocal tariffs, and possibly other trade measures, the U.S. is expected to deploy against its global trading partners.

Financial markets have retreated this year amid mounting concerns that the Trump administration's economic policies could jar spending by American consumers and businesses, hurting economic growth.