Get all the news you need in your inbox each morning. “You’d start with all countries,” Trump told reporters Sunday night aboard Air Force One. “There’s not a cutoff.”  Trump’s remarks provided clarification on the scope of the tariffs after Treasury Secretary Scott Bessent recently said the 15% of nations with persistent trade imbalances with the U.

Value-added taxes” are a common type of consumption tax used worldwide. They don’t create a trade disadvantage for the U.S., economists said.