Trump has dubbed April 2 "Liberation Day," as he plans to roll out new tariffs. However, the new tariffs could have negative impacts in Louisiana.

Team coverage of the President Trump's new tariffs set to be announced on what his administration is calling "Liberation Day."

US President Donald Trump has slapped punishing new tariffs on imports of Chinese goods, deepening a trade war between the world's two largest economies. Trade between it and the United States, the world's two largest economies,

Tariffs are taxes on goods imported from other countries. Companies buying foreign products pay the tariffs imposed on them — and, as a result, face higher costs that are typically passed on to customers.