In a move set to shake up international trade dynamics, a new initiative has been announced to implement reciprocal tariffs on all countries, not just those with the largest trade imbalances. The plan, expected to be unveiled this Wednesday and informally dubbed “Liberation Day,” signals a broad approach to reshaping global trade relations, targeting regions including China, Europe, and other major economic partners.

The strategy frames tariffs as not only a tool to protect domestic industries but also as leverage in securing improved trade terms. Previous policies have already placed tariffs on a range of imports such as steel, aluminum, and automobiles, with particular focus on countries with significant trade surpluses. However, this new approach broadens the scope beyond individual nations.

“All countries would be included,” a senior official stated during a briefing, sparking debate among economists and trade experts. While no specific list has been confirmed, advisers close to the matter indicated that 10 to 15 nations with the most severe trade imbalances will be the primary targets.

The push for trade reform is rooted in a long-standing belief that existing trade agreements have disadvantaged domestic industries. The new tariff plan aims to address those imbalances and revitalize key sectors of the economy, especially manufacturing.