Trump says reciprocal tariffs will target all countries

Trump says reciprocal tariffs will target all countries


U.S. President Donald Trump walks towards Marine One on the South Lawn of the White House on March 28, 2025 in Washington, DC. 

Andrew Harnik | Getty Images

U.S. President Donald Trump said on Sunday that reciprocal tariffs he is set to announce this week will include all nations, not just a smaller group of 10 to 15 countries with the biggest trade imbalances.

Trump has promised to unveil a massive tariff plan on Wednesday, which he has dubbed “Liberation Day.” He has already imposed tariffs on aluminum, steel and autos, along with increased tariffs on all goods from China.

“You’d start with all countries,” he told reporters aboard Air Force One. “Essentially all of the countries that we’re talking about.”

White House economics adviser Kevin Hassett recently told Fox Business that the administration’s tariffs focus would be on 10 to 15 countries with the worst trade imbalances, though he did not list them.

Trump sees tariffs as a way of protecting the domestic economy from unfair global competition and a bargaining chip for better terms for the U.S.

However, concerns about a trade war are unsettling markets and creating fears of a recession in the U.S.

Trump has said he will impose a suite of reciprocal tariffs against nations that charge fees on U.S. exports, promising to match those countries’ duties.

In February, Trump signed a memorandum that directed U.S. trade officials to go country by country and put together a list of tailored counter-measures.

Last week, he suggested he might scale back his reciprocal plans, perhaps imposing tariffs in some cases at lower rates than countries charge the United States.



Source

Google hires Windsurf CEO Varun Mohan, others in latest AI talent deal
World

Google hires Windsurf CEO Varun Mohan, others in latest AI talent deal

Chief executive officer of Google Sundar Pichai. Marek Antoni Iwanczuk | Sopa Images | Lightrocket | Getty Images Google on Friday made the latest a splash in the AI talent wars, announcing an agreement to bring in Varun Mohan, co-founder and CEO of artificial intelligence coding startup Windsurf. As part of the deal, Google will […]

Read More
India finds engine switch movement in fatal Air India crash, no immediate action for Boeing or GE
World

India finds engine switch movement in fatal Air India crash, no immediate action for Boeing or GE

Investigative officials stand at the site of Air India Boeing 787 which crashed yesterday, on June 13, 2025 in Ahmedabad, India. Ritesh Shukla | Getty Images A preliminary report by Indian aviation accident investigators said on Saturday the fatal Air India crash that killed 260 people in Ahmedabad last month showed the plane engines’ fuel […]

Read More
This coming earnings season could decide if a stock market at record highs has more room to run
World

This coming earnings season could decide if a stock market at record highs has more room to run

The upcoming earnings season will show investors whether the bull case for equities still holds. The second quarter reporting season comes at a pivotal point for the stock market, with the S & P 500 and Nasdaq Composite trading at all-time highs this week even after an onslaught of bad news regarding higher tariffs, a […]

Read More