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.
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Türkiye has proposed jointly leading next year’s U.N. climate summit, COP31, alongside Australia in an effort to resolve a long-running standoff over who will host the event, Turkish diplomatic sources have confirmed.
Uzbek President Shavkat Mirziyoyev on Sunday proposed creating a new regional co-operation body, which he called the “Community of Central Asia”, aimed at strengthening economic integration across the region’s more than 80 million people.
Israeli Prime Minister Benjamin Netanyahu has reiterated his firm opposition to the establishment of a Palestinian state, saying his position has “not changed one bit” despite growing international pressure.
President of Azerbaijan Ilham Aliyev gave a speech in Tashkent on 16 November at the 7th Consultative Meeting of Central Asian leaders, where regional heads of state gathered to discuss cooperation and Azerbaijan’s expanding role in the format.
Storm Claudia, which brought violent weather to Portugal, has resulted in the deaths of three people and left dozens injured, authorities reported on Saturday. Meanwhile, in Britain, rescue teams were organising evacuations due to heavy flooding in Wales and England.
Japan urged China on Saturday to take "appropriate measures" after Beijing issued a warning to its citizens against travelling to Japan, amid an ongoing dispute over Taiwan.
U.S. President Donald Trump purchased at least $82 million in corporate and municipal bonds between late August and early October, including new investments in sectors benefiting from his policies, according to financial disclosures made public on Saturday.
A ministerial meeting was held in the capital of Georgia, Tbilisi, for the implementation of the Agreement on Strategic Partnership in the Development and Transmission of Green Energy between Azerbaijan, Georgia, Hungary, and Romania.
U.S. Secretary of State Marco Rubio stressed the importance of securing a humanitarian ceasefire in Sudan during a call on Friday with United Arab Emirates Foreign Minister Sheikh Abdullah bin Zayed.
Türkiye has proposed jointly leading next year’s U.N. climate summit, COP31, alongside Australia in an effort to resolve a long-running standoff over who will host the event, Turkish diplomatic sources have confirmed.
Uzbek President Shavkat Mirziyoyev on Sunday proposed creating a new regional co-operation body, which he called the “Community of Central Asia”, aimed at strengthening economic integration across the region’s more than 80 million people.
Israeli Prime Minister Benjamin Netanyahu has reiterated his firm opposition to the establishment of a Palestinian state, saying his position has “not changed one bit” despite growing international pressure.
Thousands of people across Mexico took to the streets on Saturday under the rallying cry of “Generation Z,” demanding an end to rising violence and expressing outrage over the killing of Uruapan Mayor Carlos Manzo earlier this month.
Britain’s Interior Minister Shabana Mahmood has announced sweeping reforms to the UK’s asylum and immigration system, signalling a significant shift away from automatic paths to permanent residency for refugees.
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