Trump ready to open up latest front in tariff war: "Today is the big one!"
In a social media post, President Donald Trump announced the US will begin imposing reciprocal tariffs on trading partners on Thursday.
President Trump says US 'reciprocal tariffs' to be announced Thursday
WASHINGTON - US President Donald Trump said that he would announce "reciprocal tariffs" on trading partners Thursday, opening new fronts in a trade war economists warn could fuel inflation at home.
What are Trump's reciprocal tariffs and who might be affected?
US President Trump has proposed reciprocal tariffs that could increase tariffs on imports to match those applied by other countries. Analysts predict this measure could mainly impact emerging market economies with high duties on US products and further complicate international trade dynamics.
Trump says he'll announce reciprocal tariffs on US trading partners on Thursday
President Donald Trump said Thursday that he's announcing increases on U.S. tariffs to match the tax rates that other countries charge on imports. “TODAY IS THE BIG ONE: RECIPROCAL TARIFFS!!!” Trump posted on his social media site,
Trump Administration Readies Reciprocal US Tariffs as Trade War Fears Mount
Donald Trump's trade advisers were finalizing plans on Wednesday for the reciprocal tariffs the U.S. president has vowed to impose on every country that charges duties on U.S. imports, ratcheting up fears of a widening global trade war.
Trump readies matching tariffs on trade partners, possibly setting up a major economic showdown
President Trump plans to sign an order to require that US tariffs on imports match the tax rates charged by other countries.
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