Trump says reciprocal tariffs coming on Thursday
US PRESIDENT Donald Trump plans to unveil reciprocal tariffs on Thursday (Feb 13) but gave no details about his latest tariff plan, which could take aim at every country that charges duties on US imports.
“Today is the big one: reciprocal tariffs,” Trump wrote on his social media platform.
It was not immediately clear what time Trump’s tariff plan would be unveiled. On Wednesday, Trump indicated it could happen on Thursday morning. The White House had earlier told reporters it would happen before Indian Prime Minister Narendra Modi’s White House visit. Modi is scheduled to arrive at 1900 GMT.
The Republican president’s latest round of market-rattling tariffs has ratcheted up fears of a widening global trade war and threatened to accelerate US inflation.
Trump, who took office on Jan 20, has already announced tariffs on all steel and aluminium imports beginning on March 12, imposed 10 per cent tariffs on goods from China, and imposed a 30-day hold on tariffs on goods from neighbouring Canada and Mexico. REUTERS
Share with us your feedback on BT's products and services
