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.
Overview
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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