Trump Orders “Reciprocal” Tariffs On All Countries

The New York Times reports:

President Trump signed a memorandum on Thursday ordering his advisers to calculate new tariff levels for other countries globally, an ambitious task that will shatter the rules of the global trading system and likely set off furious negotiations in the coming months. The president directed his advisers to come up with new tariff levels that take into account a range of trade barriers and other economic approaches adopted by America’s trading partners.

That includes not only the tariffs that other countries charge the United States, but also the taxes they charge on foreign products, the subsidies they give their industries, their exchange rates, and other behaviors the president deems unfair. The president has said the step was necessary to even out America’s “unfair” relationships and stop other countries from taking advantage of the United States on trade.

Read the full article.

BREAKING 🚨 🚨 🚨

Trump announces plan to impose ‘fair and reciprocal’ tariffs against American trading partners, including allies

Administration will go “country by country” to adjust trade relations designed to narrow America’s trade deficit.

www.nbcnews.com/business/eco…

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— Lauren Ashley Davis (@laurenmeidasa.bsky.social) February 13, 2025 at 2:02 PM