President Donald Trump said he will announce his most sweeping economic measure yet Thursday, 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, though economists project they would increase inflation this year.

President Donald Trump said Thursday that he's announcing increases on U.S. tariffs to match the tax rates that other countries charge on imports. “TODAY IS THE BIG ONE: RECIPROCAL TARIFFS!!!” Trump posted on his social media site,

U.S. President Donald Trump said he plans to unveil reciprocal tariffs on Thursday but gave no other details. "Today is the big one: reciprocal tariffs," Trump wrote on his social media platform. Copyright 2025 Thomson Reuters.