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.
What Are Reciprocal Tariffs and Who Might Be Impacted by Trump’s Plan?
Trump spoke to reporters from the Oval Office about his decision, saying it was an “amazing day.” When asked if prices would rise as a result of the tariffs, he said that they “could go up somewhat” at first, but then “prices will also go down.”
What Countries Have VAT? Map Shows Impact of Trump Reciprocal Tariffs
President Donald Trump announced a sweeping trade move on Thursday, declaring that the United States will impose reciprocal tariffs on nations that charge higher duties or impose indirect taxes like the Value-Added Tax (VAT) on American exports.
Trump announces plan for ‘reciprocal’ tariffs in latest trade move
Trump calls it unfair that some countries apply higher tariffs to specific American goods than the U.S. applies back. A new executive order seeks to change that.
Trump Says Reciprocal Tariffs Coming on Thursday
U.S. President Donald Trump said he plans to unveil reciprocal tariffs on Thursday but gave no other details. "Today is the big one: reciprocal tariffs," Trump wrote on his social media platform. Copyright 2025 Thomson Reuters.
Bloomberg Daybreak: Trump's Reciprocal Tariffs
President Trump rolls out plans for reciprocal tariffs on a host of trading partners President Trump has ordered his administration to consider imposing reciprocal tariffs on numerous trading partners to rebalance trade relations.
The Latest: Trump signs plan for new tariffs on all US trading partners
Higher tariffs under current law would be paid by Americans , either directly or in the form of higher prices. The White House has treated these tariffs as a tool to negotiate new trade deals and raise government revenues.
'The damage is already done': Why Ken Griffin thinks Trump's tariffs are chipping away at American exceptionalism
The Citadel founder says that the US will lose out on international trade and the AI arms race as a result.
US looking at currency manipulation in tariff row, Treasury chief says
The Trump administration is looking beyond tariffs and non-tariff barriers to examine currency manipulation as it studies the ...
Trump’s latest tariff salvo is all bark and no bite – for now
To hear Trump tell it, Thursday’s new tariffs announcement was a significant and sweeping order that will bring the world to ...
What do Americans think about Trump's tariffs?
Americans overall are fairly split over tariffs. Broadly speaking, polls this year have shown that increased or new tariffs ...
Wall Street on track for weekly gain, markets focus on tariffs
Wall Street futures were steady on Friday, the U.S. dollar fell and global stock markets held close to their recent record ...
Trump’s Import Tariffs: How They’ll Shake Prices, Jobs, and Trade
Trump's new tariffs could drive up prices, impact jobs, and shift global trade. Explore the economic effects and what’s at ...
EU Commission vows to react firmly and immediately to Trump's tariffs
The European Union's executive branch has vowed to "take firm and immediate action" against U.S. President Donald Trump's ...
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Tariffs Explained: What They Are and How They Will Impact Prices
President Donald Trump has made tariffs the key economic buzzword of his second term in the White House, raising red flags ...