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Tuesday 12 December 2023 20:39:09 GMT
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February 13, 2025 President Donald Trump has directed his administration to implement reciprocal tariffs against countries that impose fees on U.S. exports. Instead of a blanket approach, Trump’s strategy will assess each country individually, ensuring tariffs directly match the charges placed on American goods. “Whatever they charge us, we’re charging them,” he declared, emphasizing fairness in global trade. This move follows Trump’s previous tariffs on steel and aluminum imports, which imposed a 25% penalty. Now, the administration is reviewing additional tariffs on automobiles, pharmaceuticals, and computer chips. Countries with the largest trade deficits will be examined first, potentially facing new tariffs within weeks. The European Union, with a $235.6 billion trade deficit in 2024, is a primary focus, particularly due to its value-added tax (VAT), which the administration argues disadvantages U.S. exports. To enforce these measures, Trump is leveraging Section 232 of the Trade Expansion Act, citing national security concerns, along with the International Emergency Economic Powers Act. His administration aims to use these tools to pressure foreign governments into lowering their trade barriers. With trade tensions rising, these tariffs could reshape global commerce. As the administration finalizes its approach, businesses and consumers alike should stay informed on how these policies may impact markets, prices, and international trade relations. What are the potential benefits and challenges of matching tariffs with those imposed by other countries? How do you think other nations will respond to this approach to trade? . . . . . #news #newsvideo #newsstories #headlinenews #tiktoknews #trump #government #latestnews #trump #Trump2025 #DonaldTrump #WhiteHouse #Trump2025 #SaveAmerica #WashingtonUpdates #USPolitics #Presidency #AmericanPolitics #TrumpTariffs #ReciprocalTariffs #TradePolicy #USExports #GlobalTrade #ImportTaxes #FairTrade #FogOfUnknowns #FOUNews
February 13, 2025 President Donald Trump has directed his administration to implement reciprocal tariffs against countries that impose fees on U.S. exports. Instead of a blanket approach, Trump’s strategy will assess each country individually, ensuring tariffs directly match the charges placed on American goods. “Whatever they charge us, we’re charging them,” he declared, emphasizing fairness in global trade. This move follows Trump’s previous tariffs on steel and aluminum imports, which imposed a 25% penalty. Now, the administration is reviewing additional tariffs on automobiles, pharmaceuticals, and computer chips. Countries with the largest trade deficits will be examined first, potentially facing new tariffs within weeks. The European Union, with a $235.6 billion trade deficit in 2024, is a primary focus, particularly due to its value-added tax (VAT), which the administration argues disadvantages U.S. exports. To enforce these measures, Trump is leveraging Section 232 of the Trade Expansion Act, citing national security concerns, along with the International Emergency Economic Powers Act. His administration aims to use these tools to pressure foreign governments into lowering their trade barriers. With trade tensions rising, these tariffs could reshape global commerce. As the administration finalizes its approach, businesses and consumers alike should stay informed on how these policies may impact markets, prices, and international trade relations. What are the potential benefits and challenges of matching tariffs with those imposed by other countries? How do you think other nations will respond to this approach to trade? . . . . . #news #newsvideo #newsstories #headlinenews #tiktoknews #trump #government #latestnews #trump #Trump2025 #DonaldTrump #WhiteHouse #Trump2025 #SaveAmerica #WashingtonUpdates #USPolitics #Presidency #AmericanPolitics #TrumpTariffs #ReciprocalTariffs #TradePolicy #USExports #GlobalTrade #ImportTaxes #FairTrade #FogOfUnknowns #FOUNews
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