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The Guardian - AU
The Guardian - AU
World
Staff and agencies

Trump prepares to unveil reciprocal tariffs as markets brace amid trade war fears

Donald Trump with part of US flag in background
Donald Trump says he may announce as early as Tuesday night exactly what ‘reciprocal tariffs’ will be imposed on US trading partners. Photograph: Saul Loeb/AFP/Getty Images

As Donald Trump prepared to unveil a swathe of reciprocal tariffs, global markets braced and some Republican senators voiced their opposition to a strategy that critics warn risks a global trade war, provoking retaliation by major trading partners such as China, Canada and the European Union.

The US president said on Monday he would be “very kind” to trading partners when he unveils further tariffs this week, potentially as early as Tuesday night.

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