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.
Ukraine is set to hold in-depth talks with a select group of foreign allies this Friday to discuss the formation of a military contingent that could serve as a security guarantee under a future ceasefire agreement.
Senior Trump administration officials are privately acknowledging that a Ukraine peace deal is unlikely in the coming months, despite early hopes of brokering a ceasefire by spring.
The speaker of the lower house of Ireland's parliament defeated a no confidence motion laid down by the main opposition parties as expected on Tuesday after maintaining the support of the coalition government.
The head of IATA downplayed concerns that potential US trade tariffs would disrupt the ongoing surge in travel demand. While acknowledging added uncertainty, he suggested that Trump’s policies might ultimately benefit the airline industry by promoting consolidation and regulatory changes.
Portugal's centre-right Democratic Alliance (AD) leads in a new opinion poll, but still falls short of a parliamentary majority ahead of the May 18 snap election. The AD’s support rose to 34.4%, while the Socialist Party (PS) trails at 27.8%.
Ukraine is set to hold in-depth talks with a select group of foreign allies this Friday to discuss the formation of a military contingent that could serve as a security guarantee under a future ceasefire agreement.
Senior Trump administration officials are privately acknowledging that a Ukraine peace deal is unlikely in the coming months, despite early hopes of brokering a ceasefire by spring.
The speaker of the lower house of Ireland's parliament defeated a no confidence motion laid down by the main opposition parties as expected on Tuesday after maintaining the support of the coalition government.
Canada will retaliate if the U.S. imposes tariffs, Prime Minister Mark Carney warned on Tuesday.
U.S. Attorney General Pamela Bondi has directed prosecutors to pursue the death penalty in the federal case against Luigi Mangione, who is charged in connection with the death of UnitedHealth CEO Brian Thompson. Mangione denies state charges and faces a separate federal indictment.
Aid groups in Myanmar’s worst-hit areas urgently need shelter, food, and water after a devastating 7.7 magnitude earthquake killed over 2,700 people. Rescue efforts face challenges due to ongoing civil war, damaged infrastructure, and restricted aid access, with the toll expected to rise.
As the world shifts toward clean energy at an ever-accelerating pace, large economies are scrambling to secure reliable supply chains for rare earth minerals. These minerals, once seen as mere industrial components, have become a political tool in the global power struggle
Russian forces carried out a drone attack on Ukraine’s second-largest city, Kharkiv, late Wednesday, injuring at least twenty one people and causing structural damage, according to Ukrainian officials.
French far-right leader Marine Le Pen was banned from running for public office for five years after being convicted of embezzlement, ruling her out of the 2027 presidential race. She received a four-year prison sentence, with two years suspended, and a €100,000 fine. Le Pen plans to appeal.
The Armenian armed forces attempted three reconnaissance drone flights over Azerbaijan Army positions near Gerenzur, but all were successfully intercepted. Meanwhile, Armenian units repeatedly fired on Azerbaijani positions from multiple regions, escalating tensions in the area.
The United States Agency for International Development (USAID), a cornerstone of American humanitarian outreach for over six decades, is being dismantled under the directive of Elon Musk’s Department of Government Efficiency.
Ukraine is set to hold in-depth talks with a select group of foreign allies this Friday to discuss the formation of a military contingent that could serve as a security guarantee under a future ceasefire agreement.
Senior Trump administration officials are privately acknowledging that a Ukraine peace deal is unlikely in the coming months, despite early hopes of brokering a ceasefire by spring.
The speaker of the lower house of Ireland's parliament defeated a no confidence motion laid down by the main opposition parties as expected on Tuesday after maintaining the support of the coalition government.
Canada will retaliate if the U.S. imposes tariffs, Prime Minister Mark Carney warned on Tuesday.
Ukraine is set to hold in-depth talks with a select group of foreign allies this Friday to discuss the formation of a military contingent that could serve as a security guarantee under a future ceasefire agreement.
Senior Trump administration officials are privately acknowledging that a Ukraine peace deal is unlikely in the coming months, despite early hopes of brokering a ceasefire by spring.
The speaker of the lower house of Ireland's parliament defeated a no confidence motion laid down by the main opposition parties as expected on Tuesday after maintaining the support of the coalition government.
Canada will retaliate if the U.S. imposes tariffs, Prime Minister Mark Carney warned on Tuesday.
U.S. Attorney General Pamela Bondi has directed prosecutors to pursue the death penalty in the federal case against Luigi Mangione, who is charged in connection with the death of UnitedHealth CEO Brian Thompson. Mangione denies state charges and faces a separate federal indictment.
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