The official claimed that "bad news stories" don't faze the president as he faces backlash over his "liberation day" tariffs reveal.

President Donald Trump is scheduled to announce significant tariffs on other countries in a speech Wednesday afternoon at the White House.

President Donald Trump’s promised tariffs are a day away – and they’ll go into effect sooner than some had expected. As in, immediately, the White House said Tuesday. Although many details remain unknown,

President Donald Trump's sweeping reciprocal tariffs announcement on Wednesday has several countries taking varied approaches in how to respond.

The White House has remained reticent regarding the specifics of the potential tariffs and the countries it plans to target. But these countries could be on the list.

But at the heart of the decision-making is Trump himself — who has agitated for tough tariffs for more than 40 years.

The U.S. and global markets have already started to feel the impact of Trump’s tariffs, with the U.S. stock market taking the worst hit thus far. The Wall Street slump and global dip in stocks have sparked fresh fears in economists and concerns as to whether the U.S. is heading into a recession.

The Trump administration took that formula’s figure, -0.5 for South Korea, and divided it by two to calculate the U.S. “discounted reciprocal” tariff rate. So, while South Korea imposes an effective tariff rate of .79 percent on U.S. goods, the reciprocal tariff rate the U.S. is imposing on South Korea is 25 percent.

U.S. stocks plummeted by market close on Friday as President Donald Trump’s sweeping tariffs continue to rattle markets across the