I’ve decided for purposes of fairness that I will charge a reciprocal tariff,” Trump said in the Oval Office at the proclamation signing. “It’s fair to all. No other country can complain.”

President Donald Trump could sign an order as soon as Wednesday to require that U.S. tariffs on imports match the tax rates charged by other countries.

The tariffs are not set to take immediate effect in a bid to give countries time to negotiate new trade terms with the US, reports said.