Reported 29 days ago
President Trump is implementing a new tariff strategy that categorizes countries into tiers based on trade dynamics, aiming for a more nuanced approach than solely considering trade balances. This includes a base tariff rate of 15% for many countries, while others may face higher rates based on various factors, including trade surplus or deficit status. Key trading partners such as Japan and Europe will see changes, with over 100 nations left unaffected by the adjustments. This strategy reflects Trump's intent to facilitate future negotiations while addressing complexities in international trade.
Source: YAHOO