American President Trump plans to announce reciprocal tariffs next week, but has not specified which countries they will target.

date
08/02/2025
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GMT Eight
On Friday, US President Donald Trump announced that he plans to announce a reciprocal tariff policy next week, but did not specify which countries it would target. During a press conference with Japanese Prime Minister Shinzo Abe, Trump stated that he may reveal the specific details of the tariff policy on Monday or Tuesday. The goal of these tariffs is to match the level of tariffs other countries impose on imports from the US, rather than adopting a uniform "fixed tariff". "I think this is the only feasible way," Trump said. "They tax us, so we tax them." Earlier in the day, Trump confirmed this plan in response to media reports. The reports stated that Trump had discussed implementing reciprocal tariffs with Republican lawmakers. The news of the tariffs caused the US stock market to fall, with the S&P 500 index dropping 0.95% on that day. This tariff plan may become a new round of US attacks in trade conflicts. Last weekend, Trump announced a 25% tariff on imported goods from Canada and Mexico, but the tariff was temporarily suspended for a month after the two countries agreed to strengthen border security and take measures to reduce drug flow into the US. Meanwhile, the US imposed a 10% tariff on imported goods from China, which prompted China to quickly take retaliatory measures by imposing corresponding tariffs on US products. Reciprocal tariffs are typically retaliatory measures against tariffs imposed on US goods by other countries, aimed at making tariff policies more symmetrical. However, as the US further implements tariff measures, global trade tensions may intensify.

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