U.S. President Donald Trump announced on Sunday that his upcoming reciprocal tariffs will apply to all nations, rather than just targeting the 10 to 15 countries with the largest trade imbalances. Trump plans to unveil the tariff package on Wednesday, calling it “Liberation Day.”
“You'd start with all countries,” Trump told reporters aboard Air Force One. “Essentially all of the countries that we're talking about.”
The announcement contradicts recent statements from White House economics adviser Kevin Hassett, who indicated the administration's focus would be on countries with the worst trade imbalances. However, Hassett did not specify which nations would be targeted.
Trump has already imposed tariffs on aluminum, steel, and automobiles, along with increased duties on all goods from China. His approach views tariffs as both protection for the domestic economy and a bargaining tool for securing better trade terms for the United States.
Concerns are growing about the potential for a global trade war, with markets reacting nervously to the prospect of widespread tariffs. Economists fear that heightened trade tensions could lead to a recession in the U.S.
In February, Trump signed a memorandum directing U.S. trade officials to compile a list of tailored counter-measures against countries imposing fees on U.S. exports. Despite hinting last week at the possibility of scaling back his plans, Trump now appears committed to broad, sweeping tariffs aimed at achieving what he calls “fair trade.”
Further details about the tariff plan are expected to be revealed during Trump’s announcement on Wednesday.
Chinese tech giants, including Alibaba-backed Ant Group (688688.SS) and e-commerce company JD.com have halted plans to issue stablecoins in Hong Kong ...
A passenger plane operated by Azerbaijan Airlines (AZAL) was forced to return to St. Petersburg’s Pulkovo Airport on Monday while en route to Baku....
New Zealand's annual inflation accelerated in the third quarter, reaching 3.0%, which aligns with analysts' expectations and is at the upper end of th...
Polls in Bolivia closed on Sunday, with voters awaiting the results of a presidential runoff that marks a significant rejection of the socialist gover...
On October 19, 2025, President Donald Trump announced the appointment of Mark Savaya, a Michigan-based entrepreneur, as the U.S. Special Envoy to Iraq...
Chinese tech giants, including Alibaba-backed Ant Group (688688.SS) and e-commerce company JD.com have halted plans to issue stablecoins in Hong Kong after the government raised concerns about the increasing influence of privately controlled currencies, the Financial Times reported on Saturday.
New Zealand's annual inflation accelerated in the third quarter, reaching 3.0%, which aligns with analysts' expectations and is at the upper end of the central bank's target range, according to official data released on Monday.
Polls in Bolivia closed on Sunday, with voters awaiting the results of a presidential runoff that marks a significant rejection of the socialist government and points towards a potential shift in foreign policy, likely steering towards the United States after years of tense relations.
On October 19, 2025, President Donald Trump announced the appointment of Mark Savaya, a Michigan-based entrepreneur, as the U.S. Special Envoy to Iraq.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
The war in Ukraine has reached a strategic impasse, and it seems that the conflict will not be solved by military means. This creates a path toward one of two alternatives: either a “frozen” phase that can last indefinitely or a quest for a durable political regulation.
A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
Snapchat will start charging users who store more than 5GB of photos and videos in its Memories feature, prompting backlash from long-time users.
Polls in Bolivia closed on Sunday, with voters awaiting the results of a presidential runoff that marks a significant rejection of the socialist government and points towards a potential shift in foreign policy, likely steering towards the United States after years of tense relations.
On October 19, 2025, President Donald Trump announced the appointment of Mark Savaya, a Michigan-based entrepreneur, as the U.S. Special Envoy to Iraq.
Tufan Erhurman, a centre-left moderate, won the Turkish Cypriot presidential election on Sunday, defeating incumbent hardliner Ersin Tatar in a pivotal vote that could revive stalled U.N.-backed reunification talks on the divided island of Cyprus.
U.S. President Donald Trump urged Ukrainian President Volodymyr Zelenskyy during a White House meeting on Friday to accept Russia’s conditions for ending the conflict between Russia and Ukraine, warning that Vladimir Putin had threatened to “destroy” Ukraine if it refused to comply, according to FT.
Countries criticized UK, France, Germany for ‘legally and procedurally flawed’ attempt to trigger ‘snapback mechanism’
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment