US EditionTrump announces plan to impose 'fair and reciprocal' tariffs against American trading partners, including allies
- President Trump is expected to announce reciprocal tariffs on Wednesday, challenging decades of global trade practices.
- Trump argues that tariffs are necessary because other countries tax American exports at higher rates, creating an unfair playing field.
- Trump's plan includes matching foreign tariffs, addressing VATs, and targeting foreign practices like subsidies and intellectual property theft.
- The U.S. Currently has lower tariffs than many trading partners; for example, Brazil taxes ethanol at 18% while the U.S. Taxes it at 2.5%.
- Experts anticipate the reciprocal tariffs could disrupt businesses and strain relationships, though some suggest it might encourage trade negotiations.
415 Articles
415 Articles
Expansion of U.S. Tariff Measures: Countries Must Persistently Urge Restraint
U.S. President Donald Trump has rapidly imposed higher tariffs. If the measures are expanded in scope, it will not only have a serious impact on the global economy, but will also be highly detrimental to the United States.
Regarding Reciprocal Trade …
We live in a time when the focus on US trade policy now centers around “reciprocity.” This is the notion that America should impose the same tariffs on other countries as they impose on the US, no more and no less. Well, that’s the economic dictionary definition of trade reciprocity, more or less. But President Donald Trump is proposing something … well, definitely not that. As trade economist Douglas Irwin of Dartmouth University explains in …
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