Thursday’s announcement comes after a number of customs related features from the new administration.

Earlier this week, Trump ordered the United States to start leaving an import tax of 25% on all steel and aluminum that was brought into the country and ended exceptions for countries including the European Union, the United Kingdom and Brazil. It will take effect next month.

He also raised tariffs on all goods from China to 10% and threatened to meet imports from Canada and Mexico with data of 25%, a plan that has been applied until March.

Shares on Wall Street rose after no immediate tariffs were announced.

John Cassidy, CEO of Red Cedar Investment Management, said that Trump’s string of quick customs messages had unpleasant Wall Street, which “does not like the unknown”.

But he warned against over -reacting and noted that duties that Trump introduced during his first term had a relatively mild impact on the American economy.

“I think Trump is playing a hand here and I think he has a very strong hand to play.” he said.

But Alex Durante, economist at the Tax Foundation, said it was left to see what changes could be the result of Trump’s features.

He does not believe that tariffs are the best strategy for dealing with commercial complaints, given the costs and uncertainty they introduce for US companies and risks for retaliation.

“I think we are losing more and more customs duties with each coming week and further escalation of a trade war with other countries,” he said.

He noted that during his first term of office, Trump passed away from Trans Pacific Partnership, a free trade agreement that had been intended to address some of the same issues with countries in Asia.

“They were open to doing this without having to put the United States through more trade security,” he said.