U.S. President Donald Trump's administration will announce reciprocal tariffs on every country that charges duties on U.S. imports by Thursday, the White House said, a move that will ratchet up fears of a widening global trade war and threaten to accelerate U.

President Donald Trump just made his trade war global and the rest of the world are scrambling to respond. Some wasted little time reacting on Tuesday. The European Union hit back at the U.S. over tariffs,