President Donald Trump declared that April 2, 2025 will serve as the nation's "Liberation Day" as he is anticipated to enact trade policies emphasizing his "America First" mission. (Win McNamee/Getty Images)
The White House has kept a tight lip regarding details surrounding Trump's planned tariff announcement, only explaining reciprocal tariffs will even the playing field for the U.S. after decades of unfair trading practices.
"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."
Trump and his administration have touted that the tariff plan will encourage business in the U.S. as industries set up shop on American soil to avoid tariffs, opening up job opportunities for U.S. workers.
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White House press secretary Karoline Leavitt speaks to the media on March 31, 2025 on tariffs and provides an update on the Signal group chat leak. (Getty Images)
"The numbers will be lower than what they've been charging us, and in some cases, maybe substantially lower. But we sort of have a world obligation, perhaps," he continued. "But we're going to be very nice, relatively speaking, we're going to be very kind."
The Trump administration is expected to roll out the "External Revenue Service," which will oversee the tariff collection under the Commerce Department's leadership.
The highly anticipated trade announcement has sparked uncertainty about the cost of goods for Americans, with Leavitt reiterating Tuesday that Trump is focused on "lowering inflation, lowering energy prices, (undertaking) massive deregulatory efforts, while simultaneously effectively implementing tariffs."
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Leavitt said Tuesday that the tariffs will be effective immediately upon Trump's Wednesday announcement.
The president is expected to unveil his tariff plan from the Rose Garden and will be joined by his Cabinet, Leavitt told the media Monday.
Nations across the world celebrate their own respective Liberation Days to typically mark an end to a war or oppression, similar to the U.S.' Independence Day, which marks the establishment of the United States and an end to British rule over the 13 original colonies.
Many nations in Europe, for example, celebrate various days of liberation to mark the anniversary of their respective victories over Nazi Germany during World War II.
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The Trump administration is expected to roll out the "External Revenue Service," which will oversee the tariff collection under the Commerce Department's leadership. (Al Drago/Bloomberg via Getty Images)
Trump previously described Election Day 2024 as "Liberation Day," as well as on Jan. 20, when he was sworn in as the nation's 47th president.
"For American citizens, January 20th, 2025, is Liberation Day," Trump said in his inaugural address. "It is my hope that our recent presidential election will be remembered as the greatest and most consequential election in the history of our country."
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"As our victory showed, the entire nation is rapidly unifying behind our agenda with dramatic increases in support from virtually every element of our society: young and old, men and women, African Americans, Hispanic Americans, Asian Americans, urban, suburban, rural," he said.
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