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US Tariffs Could Revive Global Free Trade, End WTO: Wilbur Ross

Summary by The Epoch Times
On Inauguration Day, President Donald Trump issued a memorandum that said he will implement “a robust and reinvigorated trade policy” to bolster investment and productivity. A month later, the president imposed 10 percent additional tariffs on Chinese goods, 25 percent levies on all steel and aluminum imports, and 25 percent import duties on Canadian and Mexican exports entering the United States. The new administration has also initiated the pr…

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US Tariffs Could Revive Global Free Trade, End WTO: Wilbur Ross

On Inauguration Day, President Donald Trump issued a memorandum that said he will implement “a robust and reinvigorated trade policy” to bolster investment and productivity. A month later, the president imposed 10 percent additional tariffs on Chinese goods, 25 percent levies on all steel and aluminum imports, and 25 percent import duties on Canadian and Mexican exports entering the United States. The new administration has also initiated the pr…

·New York, United States
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The Hawk NewspaperThe Hawk Newspaper

The tax on free trade

Since Jan. 20, President Donald Trump has been implementing his new protectionist trade policy, with tariffs either placed or threatened on products from China, Mexico and Canada. Additionally, he’s introduced reciprocal tariffs, meaning the U.S. will now match tariffs imposed on itself by other countries. One of the reasons for these policies is the large, multi-year push in Congress urging the U.S. to close its trade deficit, something that is…

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The Epoch Times broke the news in New York, United States on Monday, February 24, 2025.
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