Trump Signs Memo to Implement Customized Reciprocal Tariffs
President Trump outlines a plan for country-specific reciprocal tariffs, set to impact various industries and developing nations, with an evaluation by April.
The politics of tariffs could easily backfire on Trump if his agenda pushes up inflation and grinds down growth, making this a high stakes wager for a president eager to declare his authority over the U.S. economy.
WATCH: Trump gives remarks after signing plan for reciprocal tariffs on trade partners
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The takeover battle for 7-Eleven’s parent, Seven & i Holdings, comes down in part to whether qualities that help the stores succeed in Japan—fresh food, a welcoming atmosphere—can finally be transferred to the US and Canada, where the stores are known more for endlessly turning hot dogs and giant soft drinks.
Trump Announces Reciprocal Tariffs to Start as Soon as April
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His heavy reliance on tariffs has also been seen as a departure from the longstanding bipartisan consensus on expanding free trade agreements with other countries.
Trump launches reciprocal tariffs amid concerns of economic turmoil
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The announcement is likely to kick off trade talks around the world.
Trump launches plan to target countries with 'reciprocal' tariffs
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It all points to an obvious conclusion: As with the rest of Trump's ill-considered trade policies, it is American businesses and consumers that will bear the cost of these higher tariffs.
Trump's 'reciprocal' tariffs could be largest tax increase since World War II
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Many economists warn tariffs will likely raise the prices of goods for consumers, worsening inflation that already rose faster than expected in January.
Trump signs memo to determine reciprocal tariffs on US trading partners
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Markets responded favorably to the announcement as the order signaled a less firm timetable for the new measures than forecast.
Trump takes steps to impose 'fair and reciprocal' tariffs on trade partners, including allies
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Trump's reciprocal tariff announcement follows him leveraging tariffs against Mexico, Canada and China earlier in February.
US will be 'flooded with jobs' as foreign nations avoid tariffs, Trump says
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The Trump administration has argued that its tariff policies would level the competitive playing field for U.S. and foreign manufacturers, although the new taxes would probably be shouldered by U.S. shoppers and businesses either directly or indirectly.
Trump threatens to deploy reciprocal tariffs in bid to "ensure fairness" with trading partners
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The new taxes on imports could spike the sticker prices of a wide swath of goods.
"Prices could go up": Trump approves country-by-country reciprocal tariff scheme
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It is the latest bid by Trump to strain Washington’s trade ties with countries across the world – allies and rivals alike – to obtain political and economic concessions.
Trump says US prices ‘could go up’ as he threatens new tariffs on trade partners
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The move fulfills Trump’s campaign promise to match the higher rates other nations charge to import American goods and to solve what he has said are unfair trade practices.
President Trump signs order to impose reciprocal tariffs on US trading partners
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It threatens a historic attack on global trade norms to address what Trump has deemed unfair imbalances, but also leaves room for the White House to strike deals that might ultimately avert tariffs.
What to know about Trump's reciprocal tariff threat
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While the reciprocal tariffs may be the latest step in Trump's efforts to reshape U.S. trade policy, the report noted that there will likely be further developments as the president's term progresses.
Trump signs reciprocal tariff plan: Economists weigh in on how it could work
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The burst of new import taxes comes as prices in the U.S. continue to climb faster than the Federal Reserve would like.
Trump threatens reciprocal tariffs against other countries
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Trump calls for 'reciprocal tariffs' on nations that levy tariffs on the US
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The early-term tariff initiatives come as the Elon Musk-led Department of Government Efficiency project seeks to trim $1 trillion from federal government spending — with actions including the near-total elimination of the US Agency for International Development, the Consumer Financial Protection Bureau and the Education Department — with a goal of halving the nearly $2 trillion federal deficit.
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The new approach reflects concern in the administration over fees that are typically passed on to consumers such as the value-added tax (VAT), which other nations use in place of a sales tax.
Trump moves to slap tariffs on nearly every nation, boosting trade war
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The tariffs that Trump is poised to announce Thursday will not go into effect until some months later, White House officials told CNBC ahead of the event.
Trump signs sweeping reciprocal tariff plan, says more coming
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The president’s reciprocal plan will customize tariffs on a country-specific basis and will be implemented in the coming weeks to months, according to a senior White House official.
Trump Announces Reciprocal Tariffs to Counter Global Trade Barriers
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Trump says he'll announce reciprocal tariffs on US trading partners on Thursday
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However, a drastic hike in tariffs could lead to countries retaliating with import taxes of their own and a widening trade war.
What are reciprocal tariffs? Trump's trade announcement explained
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Summary
On February 13, President Trump signed a memo directing his administration to develop customized reciprocal tariffs for U.S. trading partners. This approach is designed to match tariffs imposed by other countries, particularly targeting nations like India and Brazil. Secretary of Commerce Howard Lutnick indicated that a comprehensive report will be prepared by April 1 for the president's review, with tariffs expected to roll out thereafter. Critics warn that these measures may exacerbate inflation and stir retaliatory actions from affected countries. The memo raises concerns about potential economic repercussions for developing nations and the overall U.S. economy.
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