U.S. President Donald Trump said he plans to impose reciprocal tariffs on each country next week as part of his sweeping tariff campaign, but he said the rates will be lower than expected. "We're going to make it a target for all countries, and we're going to make it very lenient," Trump told reporters in the Oval Office on Wednesday local time. "I think people are going to be very surprised. In many cases, it's going to be lower than the tariffs they've charged us for decades." "We haven't been treated friendly by other countries, but we're going to be friendly. So I think people are going to be pleasantly surprised," Trump said.