Today is the last day of negotiations before the reciprocal tariffs are implemented

Concerns are growing as a final scramble unfolds ahead of President Donald Trump’s planned unveiling of sweeping new tariffs.

(CNN)- Senator Tommy Tuberville says concerns are growing as a final scramble unfolds ahead of President Donald Trump’s planned unveiling of sweeping new tariffs. Trump describes the tariffs as reciprocal, stating, “They’re reciprocal, so whatever they charge us, we charge them, but we’re being nicer than they were.” Some international leaders are working to mitigate the impacts, while the U.S. Senate is set to consider a resolution aimed at blocking tariffs on Canadian goods. Only a small handful of Republicans may join Democrats in supporting it, but others are voicing concerns.

Senator Ron Johnson warns that tariffs will hurt businesses, particularly in Wisconsin’s manufacturing and agricultural sectors. Representative Don Bacon notes that beef processors and popcorn exporters in Nebraska are already losing market share in Europe.

Meanwhile, some countries are preparing retaliatory measures. South Korea, China, and Japan are planning a joint response, and other nations are working on countermeasures. The final piece of today’s scramble involves messaging. White House Press Secretary Karoline Leavitt calls the upcoming tariff announcement “Liberation Day in America.”

The U.S. stock market is coming off its worst quarter in years, and Goldman Sachs now warns that a recession is more likely due to tariffs. However, Trump and his allies remain optimistic, promising a future of stronger domestic manufacturing. United Auto Workers Union President Shawn Fain emphasizes the need for trade laws that prevent a “race to the bottom.”