While Trump delivered his acceptance speech early Wednesday morningwe’re still waiting for a concession speech from Harris. How can you watch the speeches and why are they so important? Here’s what you need to know.

WATCH: President-elect Donald Trump delivers victory speech from Florida

Just after winning three critical battleground states — North Carolina, Georgia and Pennsylvania — winner Donald Trump addressed the crowd gathered at the Palm Beach County Convention Center at 2:30 a.m. ET. He exceeded the 270 electoral votes needed for re-election at 5:34 a.m. ET Wednesday.

During his 25-minute speech, Trump said the campaign “overcame obstacles that no one thought possible,” referring to two assassination attempts in the countryside during the summer.

Donald Trump’s full speech on his victory in the 2024 presidential election

President Donald Trump delivered a victory speech to supporters in West Palm Beach.

When will Vice President Kamala Harris deliver a concession speech?

During Trump’s victory speech, Kamala Harris is expected to deliver a concession speech later today.

The vice president plans to officially concede the presidential election to Trump at 5:00 p.m. CTaccording to sources close to the subject.

Although not a legal requirement, the concession speech has long been a tradition in American democracy, often signals a peaceful transition of power and provides clarity to supporters once electoral votes are counted. The voluntary gesture is also considered a gracious tradition of American democracy.

Watch live: Kamala Harris to deliver concession speech

—USA TODAY contributed to this report.