On Wednesday, U.S. President Donald Trump announced the introduction of new large-scale tariffs against world powers, claiming that they would allow the United States to achieve fairness in trade – these tariffs will take effect in the coming days.

In a phone call before Trump's speech on April 2, a senior White House official told reporters that the president would impose "base tariffs" for all countries. This rate is set at 10% and will come into effect on April 5.

Some countries will face only the basic rate. These include, in particular, the United Kingdom, Singapore, Brazil, Australia, New Zealand, Turkey, and Ukraine.

Special and much more extensive tariffs will be imposed approximately against 60 "worst offenders" of the United States and will take effect on April 9.