ABOART AIR FORCE ONE – President Donald Trump said Sunday that the reciprocal tariffs he will announce this week will include all nations, not just a smaller group of 10 to 15 countries with the largest commercial imbalances.
Trump has promised to present a mass tariff plan on Wednesday, which has called “day of liberation.” It has already imposed aluminum tariffs, steel and cars, along with higher tariffs in all China’s assets.
“You would start with all countries,” journalists on board Air Force One told journalists. “Essentially all the countries we are talking about.”
The White House Economics Advisor, Kevin Hassett, recently told Fox Business that the administration tariffs would focus on 10 to 15 countries with the worst commercial imbalances, although he did not list them.
Trump sees tariffs as a way of protecting the national economy from unfair global competition and a negotiation chip for better terms for the United States.
However, concerns about a commercial war are disturbing markets and create fears of a recession in the United States
Trump has said that he will impose a set of reciprocal tariffs against nations that charge rates on the exports of the United States, promising to match the tasks of those countries.
In February, Trump signed a memorandum that ordered the commercial officials of the United States to go through the country by country and gather a list of personalized countermeasures.
Last week, he suggested that he could reduce his reciprocal plans, perhaps imposing tariffs in some cases at lower rates than countries charge the United States.
