President Donald Trump stated on Sunday that the upcoming reciprocal tariffs he plans to introduce will apply to all countries and not just a limited group of 10 to 15 nations with significant trade imbalances.

Trump has promised to unveil a massive tariff plan on Wednesday, which he has dubbed “Liberation Day.”

He has already imposed tariffs on aluminum, steel and autos, along with increased tariffs on all goods from China.

“You’d start with all countries,” he told reporters aboard Air Force One.

“Essentially all of the countries that we’re talking about.”

Kevin Hassett, an economic advisor at the White House, had previously mentioned on Fox Business that the administration would target countries with the most substantial trade deficits, estimating a range of 10 to 15 nations without specifying which ones.

Trump sees tariffs as a way of protecting the domestic economy from unfair global competition and a bargaining chip for better terms for the US.

However, concerns about a trade war are unsettling markets and creating fears of a recession in the US.

Trump’s intention is to enforce a series of reciprocal tariffs on countries that impose tariffs on US exports, vowing to mirror the duties imposed by those nations.

In February, Trump signed a memorandum that directed US trade officials to go country by country and put together a list of tailored counter-measures.

Last week, he suggested he might scale back his reciprocal plans, perhaps imposing tariffs in some cases at lower rates than countries charge the United States.