Donald Trump's trade advisers were finalizing plans on Wednesday for the reciprocal tariffs the U.S. president has vowed to impose on every country that charges duties on U.S. imports, ratcheting up fears of a widening global trade war and threatening to add to already-sticky U.

Mitch McConnell and Donald Trump have had a rocky relationship since their falling out over Trump's loss to Joe Biden in the 2020 presidential election.

President Donald Trump said he would announce reciprocal tariffs on Thursday, promising to deliver on his threat to slap tariffs on imports from countries that impose higher duties on US goods.