<div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>In less than 24 hours, US President </span><a href="https://www.9news.com.au/donald-trump" rel="" target="_blank" title="Donald Trump"><span>Donald Trump</span></a><span> will step into the Rose Garden in the White House and make his self-proclaimed "Liberation Day" announcement.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Trump is expected to roll out his most significant tariffs to date at the press conference at 4pm on April 2 (7am tomorrow AEDT), with </span><a href="https://www.9news.com.au/world/donald-trump-tariffs-which-countries-are-in-firing-line-liberation-day-announcement-explainer/370e7878-8802-4ef0-9f7c-1bfcff4f0d48" rel="" target="_blank" title="more than 20 countries said to be in the president's firing line."><span>more than 20 countries said to be in the president's firing line.</span></a></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The press conference is part of a "Make America Wealthy Again" event but little else is known about what Trump intends to announce on this so-called "Liberation Day".</span></div></div><div><div id="adspot-mobile-medium"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"April 2, 2025, will go down as one of the most important days in modern American history," US Press Secretary Karoline Leavitt said in a press briefing today.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"Those days of America, beginning tomorrow, being ripped off are over. American workers and businesses will be put first under President Trump."</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Here's what we do know about "Liberation Day" from what time the announcement will be held, to what we know about the planned tariffs and </span><a href="https://www.9news.com.au/world/what-will-trumps-liberation-day-tariffs-mean-for-australia-and-how-should-we-respond/bdaf3ae6-d17a-4dc3-b84e-3f81919a4a2b" rel="" target="_blank" title="how they will affect Australia"><span>how they will affect Australia</span></a><span>.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><h3><span>What is Liberation Day?</span></h3></div></div><div><div class="OUTBRAIN" data-reactroot="" data-src="//www.9news.com.au/world/donald-trump-tariffs-liberation-day-what-to-expect-explainer/b41a6136-de97-4aa2-ba7d-ac2c199f1c0f" data-widget-id="AR_5"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"Liberation Day" is what Trump has been calling April 2 for weeks </span><a href="https://www.9news.com.au/world/donald-trump-liberation-day-stock-markets-around-the-world-tumble-as-new-tariffs-approach/a9928493-8928-4383-b9b9-bb5d8a50a0bd" rel="" target="_blank" title="in anticipation of a number of new tariffs"><span>in anticipation of a number of new tariffs</span></a><span> he intends to announce on Wednesday (local time).</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"Liberation Day in America is coming, soon," he wrote on Truth Social last week.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"For years we have been ripped off by virtually every country in the world, both friend and foe. But those days are over - America first!!!"</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The president is expected to announce a fresh wave of wide-ranging tariffs tomorrow, however he hasn't shared details of what those will entail. </span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>More than 20 countries - including Australia, China, India and Canada - </span><a href="https://www.9news.com.au/world/donald-trump-liberation-day-europe-ursula-von-der-leyen-says-strong-plan-it-holds-a-lot-of-trade-cards/e38c09ee-cc26-4f06-bab3-502bcf73cbc0" rel="" target="_blank" title="and the European Union"><span>and the European Union</span></a><span> have been identified as possible targets for hefty new export tariffs.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>These will come off the back of a number of tariffs Trump has already rolled out during his first few months in office, including steel and aluminium tariffs that have already been felt in Australia.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>There has also been speculation that he may ditch "reciprocal tariffs" (which matched any fees charged by foreign countries on what they import from the US dollar for dollar) in favour of blanket imposts.</span></div></div><div class="styles__Wrapper-sc-2o34ro-0 cmwkBV"><div class="styles__Column-sc-2o34ro-3 jJDKrX"><a href="/content/2025/03/11/16/41/donald-trump-billionaires-lost-money-supporters-in-pictures"><img alt="Guests including Mark Zuckerberg, Jeff Bezos, Sundar Pichai and Elon Musk, arrive before the 60th Presidential Inauguration in the Rotunda of the U.S. Capitol in Washington, Monday, Jan. 20, 2025. (AP Photo/Julia Demaree Nikhinson, Pool)" sizes="(min-width: 1024px) 636px, (min-width: 768px) 396px, 100vw" src="https://imageresizer.static9.net.au/hH_9HUsYX7dlj6gTq5XRvApWp80=/0x0:6215x3495/396x223/https%3A%2F%2Fprod.static9.net.au%2Ffs%2Fd0992c21-e070-40e4-9ae7-852a286590b9" srcset="https://imageresizer.static9.net.au/hH_9HUsYX7dlj6gTq5XRvApWp80=/0x0:6215x3495/396x223/https%3A%2F%2Fprod.static9.net.au%2Ffs%2Fd0992c21-e070-40e4-9ae7-852a286590b9 396w, https://imageresizer.static9.net.au/3QFl8nd09HtmSNA7zcq4bN3jwBI=/0x0:6215x3495/636x358/https%3A%2F%2Fprod.static9.net.au%2Ffs%2Fd0992c21-e070-40e4-9ae7-852a286590b9 636w"/></a></div><div class="styles__Column-sc-2o34ro-3 jJDKrX"><div class="styles__Headline-sc-2o34ro-4 hpbOlz">They threw it all behind Trump - and lost more than $300 billion</div><div class="styles__Button-sc-2o34ro-1 eBjlmW"><a class="styles__ButtonLink-sc-2o34ro-2 hqpklJ" href="/content/2025/03/11/16/41/donald-trump-billionaires-lost-money-supporters-in-pictures">View Gallery</a></div></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><h3><span>What time will Trump announce tariffs?</span></h3></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The US president will front the press in the White House's Rose Garden at 4pm on April 2 in the US. </span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>That is 7am AEDT on April 3 in Australia.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The announcement will start at the following times in other Australian time zones:</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><ul><li><span>4am AWST</span></li><li><span>5.30am ACST</span></li><li><span>6am AEST</span></li><li><span>6.30am ACDT</span></li></ul></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><h3><span>Why is Trump doing this?</span></h3></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Trump's "Liberation Day" announcement and the additional tariffs he's expected to roll out are just another step towards his economic vision for the US.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>According to Leavitt, Trump's announcements tomorrow "will improve American competitiveness in every are of industry", reduce the US' "massive trade deficits" and protect the nation's economic and national security.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>She added that the president's economic vision is "rooted in common sense" and claimed that his America-first approach is "already working".</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><h3><span>How will Liberation Day affect Australia?</span></h3></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Australia has been identified as one of 21 countries that the Office of the US Trade Representative (USTR) is "particularly interested in" with Trump as part of a review into "unfair trade practices".</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>According to a detailed 377-page document from USTR, the Trump administration has taken issue with several facets of Australia's trade dealings with the US.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Key issues included Australia's ban on importing uncooked American beef, pork and poultry, the new mandatory news bargaining code, and Australia's pharmaceutical industry (specifically the Pharmaceutical Benefits Scheme).</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Yesterday, Prime Minister Anthony Albanese said the </span><a href="https://www.9news.com.au/national/trump-tariffs-anthony-albanese-responds-to-list-of-trade-grievences-on-eve-of-liberation-day/703898c8-e9da-4800-bde0-3dcd785ea15b" rel="" target="_blank" title="government will &quot;defend&quot; Australia's export interests"><span>government will "defend" Australia's export interests</span></a><span> and will not negotiate on three key issues.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"One is the news bargaining code, the second is pharmaceuticals and the third is biosecurity," Albanese told media today.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"Those issues are not up for negotiation from the Australian government. We will defend Australia's interests."</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>But George Washington University Assistant Professor of Economics Steven Hamilton today predicted that the direct impact of Trump's expected "Liberation Day" tariffs will not have a "huge" in Australia.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"I'm not actually that worried about the direct effect of the tariffs on Australia. It's quite small," he said.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"The thing that we worry about is … the broader fallout across the world ... if a lot of countries do retaliate there'll just be a chilling of global trade right? And that's very bad for Australia."</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><a href="https://www.9news.com.au/national/how-to-follow-9news-digital/29855bb1-ad3d-4c38-bc25-3cb52af1216f" target="_blank"><strong><em><span>DOWNLOAD THE 9NEWS APP</span></em></strong></a><strong><em><span>: Stay across all the latest in breaking news, sport, politics and the weather via our news app and get notifications sent straight to your smartphone. Available on the</span></em></strong><span> </span><a href="https://apps.apple.com/au/app/9news/id1010533727" target="_blank"><strong><em><span>Apple App Store</span></em></strong></a><span> </span><strong><em><span>and</span></em></strong><span> </span><a href="https://play.google.com/store/apps/details?id=nineNewsAlerts.nine.com&amp;hl=en_AU&amp;pli=1" target="_blank"><strong><em><span>Google Play</span></em></strong></a><strong><em><span>.</span></em></strong></div></div>