Trump Says He'll Announce Reciprocal Tariffs Next Week
February 7, 2025
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0:18Now PlayingTrump Says He'll Announce Reciprocal Tariffs Next Week
YouTube Description
as posted by the channelPresident Donald Trump said he plans to unveil reciprocal tariffs next week in a major escalation of his trade war with US economic partners.
Trump made the announcement during a meeting with visiting Japanese Prime Minister Shigeru Ishiba on Friday and said the action would affect “everyone,” without specifying exactly what measures he plans to take.
“I’ll be announcing that next week — on reciprocal trade — so that we’re treated evenly with other countries. We don’t want any more or any less,” Trump told reporters in the Oval Office, adding that he planned to hold a press conference on the matter.
Trump also said that tariffs targeting automobiles, in particular, were under consideration.
“That’s always on the table, it’s a very big deal,” he said. “We have to equalize it.”
The push for reciprocal tariffs has long been a pursuit of the president and some of his top advisers.
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