Trump: I will announce reciprocal tariffs next week on many countries

In a series of statements on social media on Friday, US President Donald Trump announced that his intentions to impose broad tariffs on the majority of US trading allies are once again being considered as a way to reduce the US government deficit. Under President Trump’s leadership, the US budget deficit is predicted to increase without any adjustments to funding sources because his proposed tax cuts will cause federal government inflows to cease.

President Trump also voiced his desire to “end the trade deficit with Japan”, which currently stands at $65 billion annually.

Key highlights:

Trump signs an order amending duties on de minimis imports from China.

I aim to bring down the deficit.

I want to end the trade deficit with Japan.

We do want to work on the deficit; get it down to even.

I haven’t changed my mind on US Steel.

I will make an announcement next week on reciprocal trade.

Tariffs are an option to address deficit.

Tariffs on Japan are an option.

I will announce reciprocal tariffs next week on many countries.

I will discuss the Nippon deal with Ishiba.

Auto tariffs always on the table.

I will be meeting with Xi probably.

I will be talking to Putin.

The US looking for security of rare earths.

No rush on Gaza.

I will probably talk to Zelenskiy next week; I want to discuss security of their assets, like rare earths.

Deepseek is a good development.