Small Business Administration Administrator Kelly Loeffler says the main purpose of the Trump administration’s “Liberation Day” is to restore “fairness” to the United States in the global market.
Liberation Day, taking place on Wednesday, is the day President Donald Trump vowed to implement tariffs on other countries, including Canada, Mexico, and China, on goods that the president would like to see manufactured in America. Loeffler has also propped it up as “the single greatest salvation” for small businesses in the country, citing how $4 trillion has been invested in the U.S. during Trump’s watch, as well as trading partners seeking to renegotiate.
“This is what it’s about. It’s about restoring fairness and opportunity to this nation, from small businesses to workers, to our investments, and that’s what this is about, and President Trump understands that,” Loeffler said on Fox Business’s Mornings with Maria Bartiromo.
Loeffler explained one factor that will benefit small businesses through these tariffs is how they will combat “cheap goods” produced overseas. Looking back on the COVID-19 pandemic, Loeffler noted how inflation occurred when the U.S. was being “taken advantage of” through the supply chain, adding that going forward, the U.S. will be producing its own goods.
Trump will unveil the full details of Liberation Day on Wednesday afternoon in the White House Rose Garden. The White House’s Rapid Response account posted footage of a 1988 interview Trump gave on The Oprah Winfrey Show, during which he detailed how he wanted to make the U.S.’s allies “pay their fair share.”
President Trump has been calling attention to the disaster falsely marketed as "free trade" for decades.
In reality, foreign countries have gotten rich at the expense of the American worker.
Today, he finally levels the playing field.
pic.twitter.com/XS0ZAiZS6p
— Rapid Response 47 (@RapidResponse47) April 2, 2025
WHAT TO KNOW ABOUT ‘LIBERATION DAY’ AS TRUMP PREPARES TO TARIFF THE WORLD
On Truth Social, Trump slammed Sens. Rand Paul (R-KY), Mitch McConnell (R-KY), Susan Collins (R-ME), and Lisa Murkowski (R-AK), who he said are “playing with the lives of the American people” ahead of a vote on a congressional resolution that would end the U.S.’s tariffs against Canada. He added that the resolution is “a ploy of the Dems to show and expose the weakness of certain Republicans” and that “it is not going anywhere” since neither he nor the Republican-controlled House of Representatives would support it.
Israel already announced plans to remove the remaining tariffs it had on U.S. imports.
