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Trump readies matching tariffs on trade partners, possibly setting up a major economic showdown

  • US President Donald Trump plans to sign an order requiring US tariffs on imports to match those of other countries, which could significantly raise taxes on American consumers and businesses.
  • Trump's proposed tariffs aim to address issues like illegal immigration and drug smuggling, particularly concerning Canada and Mexico.
  • The European Union's Ursula von der Leyen stated that unjustified tariffs would trigger firm countermeasures against the US, potentially affecting various American exports.
  • Analysts from Goldman Sachs expressed that the tariff situation is unlikely to remain static, suggesting further announcements may follow.
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India TV NewsIndia TV News

Trump prepares matching tariffs on trade partners, possibly setting up a major economic showdown

After taking over the office of the US Presidency, Donald Trump is taking additional action to upset the world trade system, with plans to sign an order this week that would require that US tariffs on imports match the tax rates charged by other countries. “It's time to be reciprocal,” Trump told reporters earlier this week. You'll be hearing that word a lot. Reciprocal. If they charge us, we charge them. The president had suggested that the ord…

·India
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La LibreLa Libre

"The US will understand that it is in its own economic interest to remain the best possible partner of the EU," says Maxime Prévot

Belgium trusts the European Commission to propose next steps "assertive, proportionate and rapid" in the face of US President Donald Trump's tariff announcements, while aiming to defuse the situation, said Foreign Minister Maxime Prévot, Wednesday following a meeting of EU Trade Ministers. ...

·Brussels, Belgium
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Foreign PolicyForeign Policy

Trump’s Trade Wars Are Self-Defeating

The economic own goals are bad. The strategic backfires are worse.

·United States
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Associated Press NewsAssociated Press News
+35 Reposted by 35 other sources

Trump readies matching tariffs on trade partners, possibly setting up a major economic showdown

President Donald Trump could sign an order as soon as Wednesday to require that U.S. tariffs on imports match the tax rates charged by other countries. It’s a bet that

·United States
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Thai ExaminerThai Examiner

Thailand waits on new Trump retaliatory trade tariffs to be launched within hours from the White House - Thai Examiner

Thailand braces for Trump’s sweeping new tariffs as the US abandons decades of free trade. The move under a rarely used 1930 law threatens exports,… Read More › The post Thailand waits on new Trump retaliatory trade tariffs to be launched within hours from the White House appeared first on Thai Examiner.

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ORF.at NewsORF.at News

Trump announces further tariffs

·Vienna, Austria
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Associated Press News broke the news in United States on Tuesday, February 11, 2025.
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