According to the Financial Times, US President Donald Trump said that he plans to announce "reciprocal tariffs" next week, which means that the trade war between the United States and its economic partners will be significantly escalated. Affected by this news, the three major indexes of US stocks fell short-term. Trump told reporters in the Oval Office: "I will be announcing reciprocal tariffs next week to ensure that we are treated equally with other countries. We are not seeking more, nor are we accepting less." Trump also said that tariffs on automobiles are being considered. "This option is always on the negotiating table, it is very important, and we must achieve trade reciprocity."