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President Donald Trump says he will announce "reciprocal tariffs" Thursday.
Trump published a post in the early morning on Truth Social where he discussed tariffs.
"Three great weeks, perhaps the best ever, but today is the big one: reciprocal tariffs," Trump wrote. "Make America great again!!!"
The president later posted that he would announce them at a 1 p.m. news conference in the Oval Office.
Trump's tariffs have multiple countries vowing retaliation.
Prime Minister Shigeru Ishiba made a request through Japan's Washington-based embassy requesting an exclusion from Trump's 25% steel tariffs against Tokyo.
Prime Minister Justin Trudeau plans to respond to Trump's 25% steel tariffs against Canada.
After Trump imposed 25% tariffs on all imports from Canada and Mexico, he delayed them for 30 days after Prime Minister Justin Trudeau agreed to a border plan originally proposed under President Joe Biden.