US President Donald Trump will unveil a new tariff plan today, which he has dubbed “Liberation Day”, in his first Rose Garden press conference of his second term, CNN reported. White House Press Secretary Karoline Leavitt confirmed on Monday that the full cabinet will be present for the event.

“If you look at the unfair trade practices, we have 50 per cent (tariff) from the European Union on American dairy and a 700 per cent from Japan on American rice. You have a 100 per cent tariff from India on American agricultural products and nearly 300 per cent from Canada on American butter and cheese. This makes it virtually impossible for US products to be imported into these markets and it has put a lot of Americans out of business and out of work over the past several decades,” she said.