Newsweek's average of the 10 most recently published polls shows Trump's approval rating has slipped to 46 percent, while 51 percent disapprove.

While the deal is still in early discussions and subject to change, it comes just days before an April 5 deadline set by US law.

White House press secretary Karoline Leavitt teased the tariff announcement coming on Wednesday, but continued to give little detail about what they will entail. "Tomorrow will go down as one of the most important days in modern American history,

Trump's third bid for the White House resulted not just in him reclaiming his seat in the Oval Office but also in increasing his net worth by nearly double within the past year. The Republican leader's $5.1 billion net worth as of March 31, according to Forbes, bolstered his financials through stock shares, real estate equity and cryptocurrency.