Reciprocal prices will target all countries

US President Donald Trump said on Sunday that the reciprocal prices he should announce this week would include all nations, not just a group smaller from 10 to 15 countries with the largest commercial imbalances.

Trump promised to unveil a massive price plan on Wednesday, which he nicknamed “Liberation Day”. He has already imposed rates on aluminum, steel and cars, as well as increased prices on all goods from China.

“You would start with all countries,” he told journalists on the Air Force One. “Essentially, all the countries we are talking about.”

The White House economy advisor Kevin Hassett recently told Fox Business that the emphasis on the prices of the administration would be made on 10 to 15 countries with the worst commercial imbalances, although he does not list them.

Trump considers prices as a means of protecting the domestic economy from unhappy global competition and a bargaining currency for better terms for the United States

However, concerns about a trade war are disturbing markets and create fears of a recession in the United States

Trump said he would impose a series of reciprocal prices against nations that would charge costs for American exports, promising to match the functions of these countries.

In February, Trump signed a memorandum that ordered US trade officials to go to the country by country and draw up a list of tailor-made countermeasures.

Last week, he suggested that he could reduce his reciprocal plans, perhaps imposing prices in certain cases at lower rates than that of the countries invoice in the United States.