US President Donald Trump geared up to unveil sweeping new "Liberation Day" tariffs on Wednesday in a move that threatens to ignite a devastating global trade war. Key US trading partners including the European Union and Britain said they were preparing their responses to Trump's escalation, as nervous markets fell in Europe and America. Trump will unveil the levies in a grand ceremony with his cabinet members in the White House Rose Garden -- just as Wall Street stocks close at 4:00 pm (2000 GMT). "IT'S LIBERATION DAY IN AMERICA!" Trump posted a one-liner on his Truth Social platform early Wednesday. The 78-year-old has promised so-called reciprocal tariffs on friends and foes alike if they target the world's largest economy, saying the levies will stop the United States being "ripped off." But Trump has kept the world guessing until the last minute about the scale and scope, with the White House saying he was still "perfecting"...
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