The United States is treated unfairly by trading partners, leading to a large trade deficit. To address this, the "Fair and Reciprocal Plan" will counter non-reciprocal trading arrangements by determining equivalent reciprocal tariffs and examining non-reciprocal trade relationships with all US trading partners, including tariffs, discriminatory taxes, and other unfair practices.
Published on: February 13, 2025, 09:00 PM UTC
Trump's focus on reciprocal tariffs could shake up global trade, with major implications for countries with high average tariffs like India and Brazil. Trump's plans, set to be announced this week, may involve lowering US tariffs on certain goods to match those of other countries, while raising tariffs on others to impose reciprocity.
Published on: February 11, 2025, 05:03 PM UTC