The Trump administration has proposed a sweeping trade strategy, including 25% tariffs on Canada and Mexico, 10% on Chinese imports, and 10% on Canadian energy. While the Canada and Mexico tariffs have been temporarily delayed,

Trump spoke to reporters in a press conference with Japanese Prime Minister Shigeru Ishiba. When asked whether he would target the world's third-largest economy with tariffs, Trump said he will be going with "mostly reciprocal tariffs" where "a country pays so much or charges us so much, and we do the same."