Trump says reciprocal tariffs will target all countries

U. S. President Donald Trump said on Sunday that the reciprocal tariffs he will announce this week will cover all countries, not just the 10 to 15 smaller ones with the worst trade imbalances. But Trump has promised to unveil a massive tariff plan on Wednesday, which he calls "Liberation Day". Furthermore He has already imposed tariffs on aluminum, steel and cars, and raised tariffs on all Chinese goods. "You should start with all countries," he told reporters aboard atmosphere Force One. Makes sense, right?. I've found that "It's basically all the countries we talk about. In my experience, " white House economic adviser Kevin Hassett recently told Fox Business News that the administration's tariffs would focus on the 10 to 15 countries with the worst trade imbalances, however he did not list them. In fact Trump sees tariffs as a way to protect the domestic economy from unfair global competition and a bargaining chip to the United States to get better terms. However, fears of a trade war are roiling markets and raising fears of a U. S. recession. Trump said he would impose a series of reciprocal tariffs on countries that impose fees on U. S. exports and promised to impose equivalent tariffs on those countries. First In February, Trump signed a memorandum directing U. But S. trade officials to review each country on a case-by-case basis and draw up a list of targeted countermeasures. I've found that In particular Last week, he hinted at the possibility of scaling back the reciprocal program, in some cases possibly imposing tariffs at rates reduced than those countries impose on the United States. -- source: Reuters.

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Trump says reciprocal tariffs will target all countries

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