The president said his advisers would devise new tariff levels reflecting countries’ tariffs, taxes, subsidies and other policies affecting trade with the United States.

U.S. President Donald Trump has tasked his economics team with devising plans for reciprocal tariffs on every country that taxes U.S. imports, raising the risk of a global trade war with American friends and foes.

US President Donald Trump is sharpening plans to hit exports from countries that he says have trade policies that are unfair to the US. On Thursday, Trump signed a memo that instructed staff to develop custom tariffs for each country,

Gold prices rose on Thursday as U.S. President Donald Trump unveiled plans to impose reciprocal tariffs on countries taxing U.S. imports, heightening global trade concerns.