President Donald Trump says he's announcing increases on U.S. tariffs to match the tax rates other countries charge on imports.

President Donald Trump said he will announce his most sweeping economic measure yet Thursday, reciprocal tariffs that Trump argues would level the playing field for the U.S. in global trade and would instantly become the hallmark economic policy of his nascent second term, though economists project they would increase inflation this year.

Trump's all-caps post on Truth Social announcing the presser offered no details about the plan for new tariffs.

India Prime Minister Narendra Modi wants to talk about much more than tariffs as he visits the White House today.

EST Trump said on Truth Social his announcement on reciprocal tariffs —the U.S. imposing the same taxes on other countries’ imports as they impose on U.S. goods—is imminent, announcing a press conference at 1 p.