Donald Trump, reciprocal tariffs
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USA TODAY |
President Donald Trump is gearing up for a big tariff expansion this week after previous trade policies placed on neighboring countries Canada and Mexico had been shelved. Wednesday, April 2, is what ...
BBC |
Today, the US President rocked global markets again.
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President Donald Trump introduced his “discounted reciprocal tariffs” on over 200 countries on April 2. Most countries receive a base tariff rate of 10%, but for countries receiving more, the rates were calculated by halving a rate he displayed as “tariffs charged to the U.S.A. including currency manipulation and trade barriers.”
Trump's China tariffs have risen to 125%, putting pressure on Chinese exporters and reshaping global trade relations.
The President also signed an Executive Order that will eliminate duty-free de minimis treatment and create a new duty collection process for
In President Donald Trump's second term, he has foregrounded tariffs in a more significant way, but he's been a big proponent of import taxes since the 1980s.
The prime target of US President Donald Trump's reciprocal tariffs is European regulation rather than EU ... claiming that this is “more or less a comprehensive overview of our legislation. This is an indication that the president Trump is not looking ...
According to the EO, the tariffs will remain in effect until the President determines that trade imbalances have been resolved. President Trump retained authority to adjust tariffs in response to retaliation, improvements in trade practices, or a continued decline in U.S. manufacturing.
Stephen Miran, a Treasury Department adviser in Trump's first administration, is often called the mind behind Trump's economic policies, including the tariffs.
UPDATE (April 9, 2025): President Trump signed an executive order raising the reciprocal tariff rate on China from 34 percent to 84 percent, bringing the final rate to 104 percent. The additional 50 percent rate was implemented after China did not repeal ...
President Trump’s trade policies will make imports more expensive and calculating and paying the tariffs more complicated.