Trump Unveils ‘Big’ Reciprocal Tariffs: What To Know About The Policy—And Its Inflation Impact
4.8%. That’s how much the U.S.’ weighted average tariff rate would be if Trump implemented the country-level strategy, Deutsche Bank economists led by Justin Weidner estimated in a Monday note. That’s a 3.3 percentage-point increase from the 1.5% effective rate U.S. imports had in 2022, according to the World Bank.
Factbox-What's in Trump's new order on reciprocal US tariffs?
President Donald Trump on Thursday moved to tear up decades-old low U.S. tariff rates, raising them to match those of other countries and counteract other barriers to American goods to try to shrink a U.
Japan begins talks with US to sound out Trump’s reciprocal tariff details
Mr Trump has singled out Japan and South Korea as nations that he believes are taking advantage of the US. Read more at straitstimes.com.
Trump's Reciprocal Tariffs Will Overturn Decades of Trade Policy
President Donald Trump is taking a blowtorch to the rules that have governed world trade for decades. The “reciprocal’’ tariffs that he announced Thursday are likely to create chaos for global businesses and conflict with America’s allies and adversaries alike.
Trump sets out process for imposing global reciprocal tariffs
The memo lays out a process for Trump to impose reciprocal tariffs on trading partners, effectively raising tariffs on a country’s exports to the U.S. based on the level of tari
Trump threatens new tariffs in bid to reshape trade
U.S. President Donald Trump has tasked his economics team with devising plans for reciprocal tariffs on every country that taxes U.S. imports, raising the risk of a global trade war with American friends and foes.
Japan Begins Talks With US to Sound Out Trump Tariff Details
Japan began talks with the US to find out the details of President Donald Trump’s planned reciprocal tariff measures, as the ...
What's happening with Trump's tariffs on China, Canada and Mexico?
President Donald Trump's tariff dispute with China, Canada and Mexico over fentanyl smuggling and illegal immigration has led ...
Trump Admits Americans Might Feel 'Pain' From Tariffs in Truth Social Post
President Donald Trump admitted that Americans might feel the "pain" from his newly imposed tariffs on Mexico, Canada, and ...
South Korea to review non-tariff barriers to respond to US reciprocal tariff plan
South Korea will thoroughly review non-tariff barriers and other vulnerabilities to respond to a U.S. plan to introduce ...
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Korea achieves 0% average tariff with US, faces scrutiny over non-tariff barriers
For U.S. beef, South Korea imposes a tariff of 1.2% to 2.6%, while the U.S. imposes a 3.5% tariff on Korean beef. The tariff ...
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Mexican president orders retaliatory tariffs against U.S.
MEXICO CITY - Mexican President Claudia Sheinbaum said on Saturday she ordered her economy minister to implement tariff and non-tariff measures to defend her country's interests, after the U.S.
Mexico and Canada hit back with counter tariff retaliation as Trump sparks new trade war
Mexican president Claudia Sheinbaum and Canadian Prime Minister Justin Trudeau both announced their own levies on Saturday ...
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Canada, Mexico Hit Back with Retaliatory Tariffs on U.S. Imports
Trudeau emphasized that Canada’s response would be “strong but appropriate,” while also considering non-tariff measures ...
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Trump slaps 25% tariffs on steel and aluminum imports
Mexico’s President Claudia Sheinbaum said she was considering "tariff and non-tariff measures in defense of Mexico's interests." Trump, who has called himself “Tariff Man,” said the move ...