US EditionGlobal Markets And US Futures Tumble After Trump Says Tariffs Will Hit ‘All Countries’
- On March 28, 2025, President Donald Trump, speaking onboard Air Force One before arriving in West Palm Beach, Florida, announced plans to unveil reciprocal tariffs targeting all countries on April 2, which he has dubbed 'Liberation Day'.
- Trump's decision stems from his belief that other countries have unfairly exploited the United States through their trade practices, and he aims to address these perceived imbalances with tariffs that he insists will be 'more generous' than those imposed on the U.S.
- The move broadens the scope of anticipated tariffs, which were initially expected to focus on the 'Dirty 15' countries, a group identified by Treasury Secretary Scott Bessent and White House's top economic advisor Kevin Hassett as having persistent trade imbalances and substantial tariffs and non-tariff barriers with the U.S., and dashes any hopes for a more targeted approach.
- Trump stated, 'start with all countries, so let's see what happens', while his top trade aide Peter Navarro has suggested potential revenue from tariffs, including $100 billion annually from auto imports and an additional $600 billion per year from other tariffs, totaling $6 trillion over a decade.
- The announcement of sweeping tariffs triggered turmoil in global stock markets on Monday, with indices like the Nikkei 225, Shanghai Composite Index, and FTSE 100 experiencing significant declines, and economists warning of potential inflation and a global trade war as other nations vow to retaliate.
111 Articles
111 Articles
Weight Loses on ‘Black Mondays’ on Wall Street and Mexico: How much is the exchange rate TODAY?
The Mexican peso loses in the ‘black Monday’ of the markets and yields to the dollar along with most of the emerging economies’ currencies, this in view of Donald Trump’s announcement of reciprocal tariffs. It will be next Wednesday, April 2, when the president of the United States reveals his reciprocal tariffs that, he warned, will apply to all countries. A day later, Claudia Sheinbaum will announce if Mexico will apply reprisal rates. The dep…
Trump says U.S. tariffs to hit 'all countries'
President Donald Trump said Sunday the tariffs he plans to impose in the coming days would include "all countries", not just those with the largest trade imbalances with the United States.Trump has promised a "Liberation Day" on April 2, when he is set to unveil reciprocal levies to address trade pr...
News24 Business | Trump warns 'all countries' will take tariff hit on Wednesday
US President Donald Trump said Sunday the tariffs he plans to impose in the coming days would include "all countries", not just those with the largest trade imbalances with the United States.
NDTV
Thelocalreport.inDonald Trump Says US Will Tariff The Entire World, "Let's See What Happens"
Donald Trump declared that he will tariff the entire world, as US gears up for what he has called "Liberation Day" on April 2. His announcement came aboard the Air Force One. In the coming days, we would impose tariffs on "all countries," he said.
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