Trump unveils plan for Reciprocal Tariffs on all U.S. trade partners

Trump unveils plan for reciprocal tariffs on all U.S. trade partners.

News: Former President Donald Trump signed a memorandum directing the U.S. to consider implementing reciprocal tariffs, matching the tax rates other nations impose on American imports. Trump stated that any country charging the U.S. a tariff would face the same tax in return.

The policy aims to ensure fair trade relations, with a country-by-country assessment by his Cabinet, due within 180 days..

Trump also warned against trade loopholes and subsidies used to harm U.S. interests. While no country was directly named, the European Union’s VAT system is seen as a target. Critics argue tariffs could increase consumer prices, but Trump views them as leverage for trade negotiations and job creation in the U.S