'Today Is The Big One': Donald Trump Says Reciprocal Tariffs Coming On Thursday

(MENAFN- Live Mint) US President Donald trump took to social media platform to inform that he plans to unveil reciprocal tariffs on Thursday. The President, however, did not share any further details about his latest tariff plan which could take aim at every country that charges duties on US imports.

“Three great weeks, perhaps the best ever, but today is the big one: reciprocal tariffs!!! Make America great again!!!,” Trump wrote on his social media platform TRUTH.

It was not immediately clear what time Trump's tariff plan would be unveiled. Earlier, on Wednesday, Trump indicated it could happen Thursday morning.

According to Reuters, the White House had said that the reciprocal tariffs would happen before Prime Minister Narendra Modi's White House visit.

Donald Trump announced his tariff plan on a day when he hosts PM Modi. The Indian Prime Minister is scheduled to meet Donald Trump at the White House in the wee hours of Thursday, February 13.

PM Modi has already taken steps to appease Trump, Bloomberg reported. In the last few weeks, India slashed tariffs on items from motorcycles to luxury cars, agreed to take planeloads of undocumented migrants and pushed to ramp up purchases of US energy.

The Republican president has openly antagonized multiple U.S. trading partners over the past several weeks, levying tariff threats and inviting them to retaliate with import taxes of their own that could send the economy hurtling into a trade war.

Trump earlier announced tariffs on China, Canada and Mexico, but paused the latter two for a month after the countries made border security pledges. He imposed 10 percent tariffs on goods from China, and imposed a 30-day hold on tariffs on goods from neighboring Canada and Mexico.

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