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Donald Trump has said he could announce reciprocal tariffs on several other countries next week, pushing the US closer to the onset of a multi-front trade war.
Asked by reporters at a joint press conference with Japanese Prime Minister Shigeru Ishiba about his plans for further restrictions on trading partners, the US president said he planned to hold a press conference to address the topic next week.
“I’ll be announcing that next week, reciprocal trade, so that we’re treated evenly with other countries,” he told reporters in the White House on Friday. Trump warned repeatedly on the campaign trail last year that he would impose a universal tariff on imports into the US.
Earlier this week Trump suspended until March 1 his plan to impose steep tariffs on Mexico and Canada, the US’s two largest trading partners, but went ahead with a new 10 per cent levy on imports from China.
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