He is calling it "Liberation Day." It is a branding term for the moment when President Donald Trump's promised regime of retaliatory tariffs against America's trading partners goes into effect, perhaps on April 2.

Presumably something is going to happen,” but “the hard part is trying to figure out what precisely that might be,” UBS economists shrugged about Trump’s April 2 circling of the calendar.

President Donald Trump and his administration have been promoting April 2 as a kind of tariffs Super Bowl, during which all of his many promised import taxes will go into effect. But as he has demonstrated many times before,