What Are Reciprocal Tariffs and Who Might Be Impacted by Trump’s Plan?
Trump spoke to reporters from the Oval Office about his decision, saying it was an “amazing day.” When asked if prices would rise as a result of the tariffs, he said that they “could go up somewhat” at first, but then “prices will also go down.”
What Are Reciprocal Tariffs? Trump's Trade Announcement Explained
Trump's proclamation designates value-added taxes—commonly used in the European Union and similar to sales taxes—as a trade barrier to be factored into reciprocal tariff calculations, according to a senior White House official who spoke on condition of anonymity to preview the details during a call with reporters.
Trump’s ‘reciprocal’ tariffs could target EU’s value-added taxes
President Donald Trump could go after “value-added tax” schemes used throughout Europe as he ramps up tariffs threats against the rest of the world. Such an approach would vastly expand the definition of what is considered a trade barrier,
Trump's Reciprocal Tariffs Will Overturn Decades of Trade Policy
President Donald Trump is taking a blowtorch to the rules that have governed world trade for decades. The “reciprocal’’ tariffs that he announced Thursday are likely to create chaos for global businesses and conflict with America’s allies and adversaries alike.
Trump suggests he might impose auto tariffs on April 2
The biggest foreign supplier of cars was Mexico ($49 billion), followed by Japan ($40 billion), South Korea ($37 billion), Canada ($28 billion) and Germany ($25 billion).
Trump's de minimis order: New tariff policy leads to package pile-up
Logistics experts say it was impossible for major parcel carriers and USPS to overhaul their operations in a matter of days.
What is a tariff and how does it work?
Tariffs have dominated headlines since President Donald Trump took office just over two weeks ago, as he threatened steep, sweeping tariffs on goods the United States imports from its three largest ...
What is a tariff, how do they work and what could Trump’s mean for Canada?
As President Trump’s tariffs for Canada are set to come into force on Feb. 1, here’s what to know about the trade war brewing ...