I’ve decided for purposes of fairness that I will charge a reciprocal tariff,” Trump said in the Oval Office at the proclamation signing. “It’s fair to all. No other country can complain.”

European Commission President Ursula von der Leyen said the bloc will respond if Donald Trump follows through on his threat to impose global reciprocal tariffs, calling them a “step in the wrong direction.

U.S. President Donald Trump tasked his economics team on Thursday with devising plans for reciprocal tariffs on every country taxing U.S. imports, ramping up prospects for a global trade war with American friends and foes.