April 2nd will be "Liberation Day," a claim President Trump made as he prepares to impose reciprocal tariffs on dozens of countries. The President has confidence that this move can rebalance trade relationships, bring in new revenue, and encourage domestic production. Additionally, he announced plans to place a 25% tariff on all auto imports, a move that could heavily impact the car manufacturing industry. FOX Business White House Correspondent Edward Lawrence discusses how these tariffs could bring in money for the U.S., impact prices for consumers, and have potential consequences across the globe.

The National Republican Congressional Committee aims to flip 26 Democratic-held seats in next year's midterm election. The organization hopes to capitalize on divisions within the Democratic Party to expand its majority. Meanwhile, several incumbent Democrats have announced they will not seek re-election, making the election map all the more challenging for them. National Political Reporter at The Hill Julia Manchester examines the races to watch in the 2026 election cycle and unpacks both parties' vulnerabilities.

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From Washington: "Liberation Day" Is Near