Trump unveils ‘reciprocal’, blanket tariffs on all major US trading partners
President Trump announced the implementation of reciprocal tariffs on all imports, matching the duties other countries impose on US goods. This move, revealed on Thursday, signifies a further escalation towards a global trade war, stemming from Trump's assertion that other nations unfairly tax American products.
Trump stated that the US Trade Representative and the Commerce Department will propose new tariffs on a country-by-country basis to address trade deficits. This decision follows previous actions against steel and aluminum imports, which already face significant levies, and aligns with Trump's repeated threats to impose reciprocal tariffs on most, if not all, of America's trading partners.
via SCMP Full Text Feed
President Trump announced the implementation of reciprocal tariffs on all imports, matching the duties other countries impose on US goods. This move, revealed on Thursday, signifies a further escalation towards a global trade war, stemming from Trump's assertion that other nations unfairly tax American products.
Trump stated that the US Trade Representative and the Commerce Department will propose new tariffs on a country-by-country basis to address trade deficits. This decision follows previous actions against steel and aluminum imports, which already face significant levies, and aligns with Trump's repeated threats to impose reciprocal tariffs on most, if not all, of America's trading partners.
via SCMP Full Text Feed
