U.S. President Donald Trump said on Friday he plans to announce reciprocal tariffs on many countries by Monday or Tuesday of next week, a major escalation of his offensive to tear up and reshape global trade relationships in the U.S.¡¯ favor.

Trump did not identify which countries would be hit but suggested it would be a broad effort that could also help solve U.S. budget problems.

¡°I¡¯ll be announcing that, next week, reciprocal trade, so that we¡¯re treated evenly with other countries,¡± Trump said. ¡°We don¡¯t want any more, any less.¡±