On Thursday, President Trump boasted in an interview on Truth Social about the implementation of the latest tariff package.

"NORTH!!! BILLIONS OF DOLLARS ARE NOW COMING TO THE UNITED STATES OF AMERICA!" – Trump wrote.

Trump's sweeping "reciprocal" tariffs struck U.S. trading partners on Thursday as his deadline for reaching agreements expired at 12:01 PM Eastern Time.

As Wednesday approached the deadline for trade agreements, Trump signed an executive order to impose an additional 25% tariff on India for purchasing Russian oil. The new tariff, which will take effect in 21 days, is set to "add on" to the existing 25% tariff for the individual country, which takes effect today.

Trump also voiced the idea of raising tariffs on China due to Beijing's purchase of Russian oil. Trump stated that he would punish China with additional tariffs.$ETH