ToplinePresident Donald Trump could announce his most sweeping tariffs yet Wednesday, unveiling reciprocal tariffs that Trump argues would level the playing field for the U.S. in global trade and would instantly become the hallmark economic policy of his nascent second term,

U.S. President Donald Trump's administration will announce reciprocal tariffs on every country that charges duties on U.S. imports by Thursday, the White House said, a move that will ratchet up fears of a widening global trade war and threaten to accelerate U.

Canada, Mexico and European countries criticized President Trump’s levies on steel and aluminum with fears that they could ignite a global trade war.