President Donald Trump has declared Wednesday what he's dubbed as “Liberation Day," but what does that mean and how could it impact you?

President Donald Trump paused his latest wave of tariffs on Wednesday after making big promises to Americans about how the tariffs would reshape the global economy with the U.S. at the center. "I thought that people were jumping a little bit out of line,

The president is promising widespread, worldwide tariffs to take effect this week but no one is entirely sure what he means by that yet.