As Donald Trump’s April 2 “Liberation Day” for announcing “reciprocal” tariffs on America’s trading partners approaches, the question in Beijing is whether this will be the moment when its nascent trade war with the US really escalates.

U.S. President Donald Trump was poised to impose sweeping new reciprocal tariffs on global trading partners on Wednesday, upending decades of rules-based trade, threatening cost increases and likely drawing retaliation from all sides.

President Donald Trump is preparing to announce a sweeping round of new tariffs on imports set to take effect Wednesday, which he has dubbed “Liberation Day.” Details of what could amount to a major escalation in Trump’s global trade war are expected to be released in the coming days.

Uncertainty grows as the world braces for Donald Trump's 'Liberation Day' tariffs. Global stock markets are volatile, major economies face tough choices, and fears of a trade war threaten to disrupt global commerce.

President Donald Trump is touting April 2 as the day the U.S. gets "money, and respect, back." Here's why he's calling it "Liberation Day."