Donald Trump has dubbed April 2, 2025, „Liberation Day.“ What is it, and how does it apply to tariffs in the United States?
President Donald Trump has introduced the term „Liberation Day“ to describe the rollout of a portion of his new tariff plan on April 2, which aims to reshape United States trade policy.
On April 2, Trump is expected to unveil the details of his „reciprocal tariffs“ on countries that currently tax U.S. imports and other measures at a press conference in the White House Rose Garden alongside members of his Cabinet.Why It Matters
While the White House projects the new tariffs will generate $100 billion in annual revenue, industry analysts are concerned that the move could disrupt global supply chains and lead to higher prices for consumers. Trump has said that other countries have taken U.S. resources.
„We’re going to charge countries for doing business in our country and taking our jobs, taking our wealth, taking a lot of things that they’ve been taking over the years“, Trump told reporters, according to the Associated Press. „They’ve taken so much out of our country, friend and foe. And, frankly, friend has been oftentimes much worse than foe.“What is Donald Trump’s Liberation Day?
„Liberation Day“, as used by Trump, is not a formal policy proposal but a label for what the president claims is necessary to cut economic „exploitation“ of the U.S. by foreign powers.
White House press secretary Karoline Leavitt told reporters on Monday that Wednesday is Liberation Day in America.
