President Trump is expected to deliver his tariff announcement from the Rose Garden April 2. (Getty Images)
"I think it's going to be something that's going to bring a lot of wealth back to our country, tremendous wealth back to our country, actually," Trump told the media Monday. "And other countries are understanding because they've been ripping us for 50 years, longer."
The Trump administration has argued that placing tariffs on nations that produce goods overseas will encourage industries to establish manufacturing and production operations on U.S. soil to avoid the additional tax. The administration has said the tariffs will lead to an increase in jobs available to U.S. workers as overseas companies set up shop in the U.S.
EU THREATENS ‘FIRM COUNTER-MEASURES' AS TRUMP’S TARIFF DEADLINE LOOMS
White House trade advisor Peter Navarro said during a "Fox News Sunday" interview over the weekend the new tariffs will generate $600 billion annually for the U.S., or $6 trillion during the next decade.
White House press secretary Karoline Leavitt speaks to the media March 31, 2025, on tariffs. (Getty Images)
The highly anticipated trade announcement has sparked uncertainty about the cost of goods to Americans, which Leavitt brushed aside Tuesday during a press briefing, arguing the tariff plan "is going to work."
CLICK HERE TO GET THE FOX NEWS APP
Trump's tariff advisors are "not going to be wrong," Leavitt told Fox News' Peter Doocy Tuesday when asked about concerns over the plan. "It is going to work. And the president has a brilliant team of advisors who have been studying these issues for decades. And we are focused on restoring the Golden Age of America and making America a manufacturing superpower."
https://www.foxnews.com/politics/trump-deliver-liberation-day-announcement-from-rose-garden-flanked-cabinet-members