Senate Democrats, led by Minority Leader Chuck Schumer (D-NY), will hold a press conference at 1 p.m. before President Donald Trump’s sweeping tariffs announcement.

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Trump has coined Wednesday “Liberation Day” for U.S. trade policy, arguing that the tariffs will free the country from reliance on foreign imports.

Democrats are expected to criticize Trump’s efforts, anticipating that such tariffs will tank the stock market and place a burden on the economy.