Donald Trump's trade advisers are finalizing plans for reciprocal tariffs on all countries imposing duties on US imports. This move, following recent tariffs on steel and aluminum, raises concerns about a global trade war. Trump aims to match each country's tariff rate, but experts warn of complexities and potential unintended consequences.
WASHINGTON — Donald Trump 's trade advisers were finalizing plans on Wednesday for the reciprocal tariffs the US president has vowed to impose on every country that charges duties on US imports, ratcheting up fears of a widening global trade war.Trump stunned markets with his decision on Monday to impose tariffs on all steel and aluminum imports beginning March 12.
William Reinsch, senior fellow at the Center for Strategic and International Studies, said Trump officials could opt for a more easily implemented flat 10- or 20-percent tariff rate, or a messier approach that would require separate tariff schedules matching US tariffs to each other country's rates.One source tracking work on the tariffs said details were still being worked out late Tuesday.
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