Trump to Unveil Reciprocal Tariffs in Press Conference

U.S. President Donald Trump has announced that he will hold a press conference on tariffs at 1 p.m. today (2 a.m. tomorrow Beijing time). This comes as the U.S. continues to engage in a trade war with several countries, including China and the European Union.

The press conference is expected to focus on the U.S.'s plans for reciprocal tariffs, which would impose duties on imports from countries that have higher tariffs on U.S. goods. This move is seen as a response to the trade imbalances that the U.S. has with some of its trading partners.

The U.S. has already imposed tariffs on a range of goods from China, including steel and aluminum, as well as on goods from the European Union, such as aircraft and agricultural products. These tariffs have been met with retaliatory measures from the affected countries.

The trade war has had a significant impact on global markets, with stocks and currencies being affected by the uncertainty and volatility that it has created. The U.S. dollar has strengthened against many currencies, while stocks have been volatile, with some sectors being more affected than others.

The press conference is expected to provide more clarity on the U.S.'s trade policies and the direction that it is taking in its trade negotiations with other countries. It will be closely watched by markets and governments around the world, as the outcome of the trade war could have significant implications for the global economy.