President Trump will launch his second-term economic gamble Wednesday by proposing broad tariffs aimed at reshaping global trade, according to CNBC. Trump plans to impose reciprocal tariffs matching those charged on U.S. exports in a move he branded "Liberation Day." While he argues this strategy will end reliance on deficit spending and reduce trade deficit, economists warn it may trigger short-term pain. Consumer sentiment is at multi-year lows, and analysts say the tariffs could slow growth, weigh on stocks, and raise recession risks.