Former US President Donald Trump has unveiled a reciprocal tariff policy, aiming to impose the same tariffs on foreign nations as they apply to American products. Announcing the plan on Truth Social, Trump emphasized that the US has been treated unfairly in global trade for years and vowed to restore balance.
Trump explained that under the new system, the US will match tariffs imposed by other countries, ensuring fairness in trade policies. Nations implementing value-added taxes (VAT) will also face reciprocal treatment. He warned against foreign goods being rerouted through third-party countries to evade tariffs, stating that such loopholes will be eliminated.
Additionally, the policy will account for nonmonetary trade barriers, such as restrictive policies that prevent U.S. businesses from entering foreign markets. Trump Read More….
