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Trump says reciprocal tariffs will target all countries

Published by Global Banking & Finance Review

Posted on March 31, 2025

1 min read

· Last updated: January 24, 2026

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Trump says reciprocal tariffs will target all countries
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Trump's Global Reciprocal Tariffs to Affect All Nations

By Andrea Shalal

ABOARD AIR FORCE ONE (Reuters) - U.S. President Donald Trump said on Sunday reciprocal tariffs he is set to announce this week will include all nations, beyond just a smaller group of 10 to 15 countries.

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."

Trump says 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.

(Reporting by Andrea Shalal, Jarrett Renshaw and Trevor Hunnicutt; Editing by Kim Coghill and Clarence Fernandez)

Key Takeaways

  • Trump plans to announce a global reciprocal tariff strategy.
  • The tariffs will target all countries, not just a select few.
  • The plan is set to be revealed on 'Liberation Day.'
  • Tariffs will match fees imposed on US exports by other nations.
  • There may be adjustments to the tariff rates.

Frequently Asked Questions

What is the main topic?
The main topic is Trump's announcement of a global reciprocal tariff plan affecting all countries with fees on US exports.
What are reciprocal tariffs?
Reciprocal tariffs are duties imposed by a country to match the tariffs charged by another country on its exports.
When will the tariff plan be announced?
The tariff plan is set to be announced on Wednesday, referred to as 'Liberation Day.'

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