Trump signed executive order on reciprocal tariffs
- Directs the administration to propose country-specific tariffs
- Reflects a shift from broad-based levies to more targeted measures
- Aims to offset perceived disadvantages facing U.S. exporters: Tariffs on U.S. goods, subsidies for foreign industries, VATs, exchange-rate concerns, Intellectual property issues
- Howard Lutnick, nominee for Commerce Secretary, suggests proposals could be ready by early April
- Reciprocal tariffs could be imposed in a number of ways: They could be applied to specific products, to entire industries, or as an average tariff on goods arriving from a specific country.
https://www.bloomberg.com/news/articles/2025-02-14/trump-reciprocal-tariffs-what-are-they-which-countries-will-be-most-affected?cmpid%3D=socialflow-twitter-markets&utm_campaign=socialflow-organic&utm_medium=social&utm_source=twitter&utm_content=markets