President Trump Announces Historic Global Reciprocal Tariffs

President Trump on Thursday ordered his team to research and investigate new tariffs.

“Whatever countries charge the United States of America, we will charge them,” the president declared.

The newly assigned task force will take into account the taxes other nations charge on imports, and myriad factors that the president claims are not fair toward the United States.

Trump’s directive to his advisers formally begins an investigation into what tariffs will be the most fair to the United States on a by-country basis. This process, expected to last until April, will ignite global negotiations as foreign nations seek to avoid unfavorable trade terms. The president signaled he’s open to using these reciprocal tariffs as a starting point toward trade negotiations.

One such tariff negotiation has already proven effective. Reports over the last few days indicate that the European Union will lower taxes on U.S. auto imports to be even with its charges on exports. (Read more from “President Trump Announces Historic Global Reciprocal Tariffs” HERE)

Photo credit: Gage Skidmore via Flickr