Trump announces plan to impose 'fair and reciprocal' tariffs against American trading partners, including allies

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.

The US President also promised Thursday to impose "reciprocal" tariffs on the country's trading partners.

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 …

DEXYPTAGE - Climbing in the trade war: the US President's new threat mixes tariffs, VAT rates, subsidies and up to the exchange rate.

For the Oval Office, “if they tax us, we tax the same way.” Sanctions against the ICC prosecutor: he will not be able to enter the US. For a D-day, D in the sense of tariffs, it was not a revolution, but a strong indication. Donald Trump has launched a trade offensive that looks more like a...

What are reciprocal tariffs? Trump's trade agenda explained

Donald Trump thinks US firms have a trade disadvantage as they often face higher costs when exporting their products. DW examines the US president's latest plan to renegotiate tariffs with the rest of the world.