President Donald Trump is poised to unveil a massive series of reciprocal tariffs on Wednesday, when he will likely impose duties on multiple countries as part of what his administration has labeled ‘Liberation Day.’ Trump and his administration have long decried that other countries are engaging in unfair trade practices against the U.S., and have advocated for employing tariffs to rectify the nation’s 2024 record $1.2 trillion trade deficit. Despite previewing this massive round of...