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

President Donald Trump says that the new tariffs he will announce this week will reach all countries, not only those who have the greatest commercial imbalances with the United States.

The comments occur while preparing to present a massive import tax list on Wednesday, in what has called the “Liberation Day” of the United States.

The measures will be presented above the rates already imposed by Washington on aluminum, steel and vehicles, along with greater levies in all China’s assets.

Actions markets in Asia fell into early trade on Monday as investors care about the impact of tariffs on the global economy.

“You would start with all countries,” Trump told reporters on Air Force One.

“Essentially all the countries we are talking about.”

The president’s latest comments occurred despite the fact that last week he suggested that he could reduce his tariff plans and impose tariffs in some cases at lower rates than countries charge the United States.

The White House Economics Advisor, Kevin Hassett, also recently told Fox Business Channel that tariffs would focus on 10 to 15 countries that have the worst commercial deficits with the United States, but that they would not appoint them.

Trump sees tariffs as a way of protecting the United States economy from unfair competition and as a negotiation chip to obtain better commercial terms for the United States.

During the weekend, Trump’s advisors echoed their opinion that planned rates could raise billions of dollars and help create jobs in the United States.

His main commercial advisor, Pete Navarro, said huge income that said the tariffs would increase.

The tax on all car imports could raise $ 100 billion (£ 77.3bn) in an operation worth $ 240 billion, Navarro said. All planned rates could raise $ 600 billion, approximately one fifth of the value of total imports of goods in the United States, he added.

An informative sheet of the White House published last week suggested that a 10% tariff on each import could create almost 3 million jobs in the United States.

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

On Monday morning in Asia, the Nikkei 225 reference point in Japan was more than 3% lower, ASX 200 in Australia reduced 1.6%, and the South Korean Kospi was around 2% lower.

All this increases bets for all countries trying to reach the United States agreements on their commercial policies, including the United Kingdom.

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

Separate, Trump said an agreement with the Chinese owner of Tiktok, Bytedance to sell the application, would be agreed before a deadline on Saturday.

Established the deadline of April 5 in January for a short video platform to find a non -Chinese buyer or face a prohibition in the US for national security land.

That month had to comply with an approved law under the Biden administration.