US President Donald Trump reads about steel and aluminum tariffs, because Howard Lutnick stands in the background, in an oval White House office in Washington, February 10, 2025.
Kevin Lamarque Reuters
President Donald Trump Set an oval office press conference on his plan to impose Mutual tariffs In other countries on Thursday at 13:00 et.
All-Caps entry Trump Social truth Press's announcement did not provide any details about the plan that remains opaque.
In another post Earlier on Thursday Trump raised the upcoming tariffs, writing: “Today is great: mutual tariffs !!!”
The tariffs that Trump is to announce on Thursday will not come into force only a few months later, the White House officials said CNBC before the press conference.
The new tariffs will follow the duties that Trump has already hit China, Canada and Mexico, as well as the import of steel and aluminum. Trump tariffs to Canada and Mexico were Stopped for 30 days After both countries committed to break down illegal crossings and drug trafficking on their limits from the USA
Trump said on Sunday that he planned to hit mutual tariffs on “every country” that imposes import duties on the USA
“Simply, if they burden us, we burden them,” he said on Air Force One, NBC News has been reported.
As a candidate for president, Trump raised the possibility of applying tariffs on board on all US imports. But he also told that Congress could pass what he called “Trump Mutual Trade Act,“This would allow him to hit the tariffs on goods of any country, which have higher tariffs for goods made by the USA.
Since its office, Trump signaled his plans to apply tariffs to the European Union. He emphasized trade deficits in the USA with European partners and complained that EU nations do not buy enough American cars or agricultural equipment.
EU leaders They swore to take revenge on the new US tariffs, warning that Trump's actions risk a widespread trade war, which ultimately hurts everyone.
It was expected that the new mutual tariffs took place before the prime minister of India Narendra Modi visit With Trump in the White House on Thursday afternoon.
– – Eamon Jervers from CNBC contributed to this report.