The new tariffs this week will affect all countries, Trump says

President Donald Trump says the new tariffs he will announce this week will hit all countries, not just those that have the largest trade imbalances with the United States.

The comments come when he is preparing to reveal a huge sheet of taxes on imports on Wednesday, what he called “The Day of Liberation of America.”

The measures will go to the top of the tariffs already imposed by Washington for aluminum, steel and vehicles, along with increased taxes on all goods from China.

The Asian stock markets fell in early trade on Monday as investors are worried about the impact of tariffs on the world economy.

“You will start with all sides,” Trump told Air Force One reporters.

“In essence, all the countries we are talking about.”

But he said his administration would be “far more” and “better” than the countries were in the United States.

The president’s latest comments came, although last week they suggested that he could reduce his tariff plans.

White House Economics Advisor Kevin Khaset also recently told Fox Business Channel that tariffs will focus on 10 to 15 countries that have the smallest trade deficit with the United States, but did not name them.

Trump sees tariffs as a way of protecting the US economy from unfair competition and as a negotiating chip to achieve better trade conditions for America.

Over the weekend, Trump’s advisers reiterated his view that planned tariffs could raise trillions of dollars and help create jobs in the United States.

His best sales adviser Pete Navarro pointed out huge revenue, he said the tariffs would recruit.

The tax on all car imports can raise $ 100 billion ($ 77.3 billion) in trading worth $ 240 billion, said Navarro. All planned tariffs can raise $ 600 billion, about one fifth of the value of total imports in the US, he added.

A White House Fact Little, published last week, suggests that the 10% tariff for each import can create nearly 3 million jobs in the United States.

But concerns about trade war are disturbing markets and create fears of recession in the United States.

On Monday morning in Asia, the Japanese Nikkei 225 indicator was almost 4% lower, Hong Seng in Hong Kong decreased by 1.2%, and South Korea’s Kospi was about 2.5% lower.

All this raises bets on all countries that are trying to achieve developments with the United States because of its commercial policies, including the UKS

But other jurisdictions, such as the EU and Canada, have already said they are preparing a number of retrained commercial measures.

Separately, Trump said a deal with the Chinese owner of Tiktok to sell the application will be agreed before a deadline on Saturday.

He has set the deadline of April 5 in January for a short video platform to find a non -Chinese buyer or face a ban on the United States on national security sites.

This had to come into force this month to comply with a law passed in the Biden administration.