During the first few months of his second term, President Donald Trump has pushed an extremely aggressive tariff policy, targeting U.S. allies and adversaries alike, a strategy that many in the business community have called erratic, as the president has continually delayed, reinstated, boosted and threatened various tariffs.

His most recent and bold proposition is sweeping reciprocal tariffs to be announced Wednesday, a day Trump has called “Liberation Day,” claiming on his Truth Social platform that other countries have been taking advantage of the U.S., and the tariff announcements will reshore manufacturing, making the country more independent.

Corporate concerns about tariffs have crept into many economic indicators in recent weeks. Business leaders have complained about a lack of certainty due to the rapid changes, saying the back-and-forth announcements have made long-term planning difficult.