Investors hold their breath ahead of President Trump's long-awaited tariff announcement later today.

Plus, a liberal judge wins the Supreme Court race in Wisconsin in a rebuke of Trump and Elon Musk.

Wisconsin stood up and said loudly that justice does not have a price.

Our courts are not for sale.

And we'll look at a potential TikTok takeover deal just days ahead of a deadline to sell the platform or shut it down.

It's Wednesday, April 2nd.

I'm Luke Vargas for the Wall Street Journal,

and here is the AM edition of What's News, the top headlines and business stories moving

your world today.

We are mere hours away from the announcement of new U.S. tariffs, which President Trump is set to unveil

at a White House press conference after the close of markets. We report that so-called reciprocal

tariffs are expected and that whatever measures are announced will take effect immediately,

though the precise contours of the likely sweeping announcement remain under wraps.

Well, as we await the news, we've got Maya Bondari with us to preview the coming trading day and beyond.

She is the chief investment officer for multi-assad Amia at asset manager Newberger Berman.

Maya, we have expected that by this point we would have a sense of what was going to be announced

today. Alas, as it stands, we don't. Could you read the tea leaves, though, a bit on what might be

coming? It does seem likely that what we learn today is going to include some non-tariff measures,

capturing things like currency under valuation as a possible gauge, which is about 15 or

percent when you weigh it by US trade partners. VAT, an area of particular focus here in Europe,

but also around 15 percent. And as you see with these numbers, Luke, the ranges is wide,

uncertain. And at Noboga-Burman, we wouldn't rule out a high starting point,

...