US will tariff the entire world, Trump to unveil new plan on April 2

President Donald Trump said on Sunday the tariffs he plans to impose in the coming days would include "all countries", not just those with the largest trade imbalances with the United States.Trump has declared that he will tariff the entire world, as the United States gears up for what he has called "Liberation Day" on April 2. His announcement came aboard the Air Force One. In the coming days, we would impose tariffs on "all countries", he said. "We would start with all countries, so let's see what happens," President Trump said.Clarifying that it is not just about a handful of nations which would be affected, President Trump rejected rumours of reciprocal tariffs only on 10 or 15 countries. "I haven't heard any rumour about 15 countries, 10 or 15," he said, adding that "We've been talking about all countries - no cutoffs".
Trump's upcoming tariff salvo had been expected to target the 15 percent of partners that have persistent trade imbalances with the United States, a group Treasury Secretary Scott Bessent called a "Dirty 15." But despite widening the target, the president insisted his tariffs would be more "generous" than those levied against the United States.
As per media reports, Global stocks and U.S. futures tumbled on Monday after President Donald Trump says his soon-to-be-announced reciprocal tariffs will apply to “all countries”, not just those with the largest trade imbalances with the US.In Japan, the Nikkei 225 index fell more than 4% to 35,617.56 points on Monday. European stocks were also hit, as the London Stock Exchange’s flagship FTSE 100 Index was down 1.19% in morning trading.China’s Shanghai Composite Index dropped nearly 0.5%, while the Hong Kong-based Hang Seng Index fell 1.3%.
Economists in the US worry that any tariff imposed on imports will ultimately be borne by the US citizen. They fear that such sweeping tariffs risk stoking inflation and price rise on goods and services across the United States, which would, in turn, lead to an economic downturn.Donald Trump, however, has repeatedly rubbished economists' claims, and instead, called 'tariff' his favourite word in the dictionary - one that will "make America great again" by raising government revenue and revitalising US industry and manufacturing.