Reported about 19 hours ago
Donald Trump's new focus on reciprocal tariffs could disrupt trading relationships with several U.S. allies who already impose high tariffs. While Trump argues that countries are 'ripping off' the U.S., other nations may highlight their lower tariffs as justification for reducing U.S. tariffs. Trump's 25% duties on steel and aluminum set to begin on March 12 are part of this strategy, which aims to enforce mutual tariffs based on trade equity. With countries like India and Brazil potentially facing implications, the effectiveness and possible logistical challenges of implementing such tariffs remain uncertain.
Source: YAHOO