President Donald Trump will unveil a sweeping tariff plan on Wednesday, April 2, 2025, during a Rose Garden event marking what he has called “Liberation Day.” The announcement is expected to introduce reciprocal tariffs aimed at countering foreign trade practices that have harmed American industries for decades.
White House Press Secretary Karoline Leavitt confirmed that the administration’s tariff strategy is designed to protect American workers and businesses. She pointed to significant trade imbalances, such as the European Union’s 50% tariff on U.S. dairy products, Japan’s 700% tariff on American rice, India’s 100% tariff on U.S. agricultural imports, and Canada’s 300% tariffs on American butter and cheese. These barriers have made it difficult for American goods to compete in international markets.
Trump’s economic advisors, including U.S. Trade Representative Peter Navarro, White House economist Kevin Hassett, and policy strategist Stephen Miller, have been instrumental in crafting the tariff plan. The administration argues that these new measures will level the playing field and ensure that American businesses no longer suffer from unfair foreign policies.
Investors and businesses are closely watching the announcement, as trade restrictions could have ripple effects on the economy. The temporary exemption of 25% tariffs on goods under the U.S.-Mexico-Canada Agreement (USMCA) is also set to expire on Wednesday, adding to concerns about potential trade disruptions.
The administration remains firm that these tariffs are necessary to restore economic fairness. Trump has stated that his plan will target all nations that impose restrictive duties on U.S. exports. The policy is expected to redefine international trade relationships and reinforce America’s economic independence.
