US EditionWhat's the motivation behind Trump's 'reciprocal' tariffs?
- President Trump announced massive tariffs on Wednesday, pitching them as a 'reciprocal' measure against trading partners.
- Trump's trade policy stems from the motto 'They charge us, we charge them,' aiming to address trade deficits.
- The tariffs targeted countries with large trade surpluses relative to U.S. Exports, using a simplified calculation.
- The administration's calculation divided the trade deficit by exports times 1/2; for example, Vietnam faces a 46% tariff.
- Critics argue this approach is not truly reciprocal and could incentivize retaliation, potentially harming the U.S. Economy.
107 Articles
107 Articles
Trump's reciprocity: A concept rooted in a tradition hostile to free trade
The US president justifies his protectionist policy by advocating for reciprocal tariffs. Initially an instrument to protect the American market before 1934, reciprocity later became a tool to open markets and returned to a protectionist stance in 1980.
Domestic shrimpers see a glimmer of hope in some US tariffs
At least one industry is cheering the efforts behind the Trump administration's reciprocal tariffs warm water shrimpers.Shrimpers in the U.S. have been fighting a losing battle with imported shrimp for years, but now they see a step in the right direction to balance the industry.The "reciprocal tariffs", albeit lower than anticipated, hit India, Indonesia, Ecuador and Vietnam the biggest exporters of shrimp to the U.S.RELATED STORY | Tariffs: Th…
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Trump's partial tariff pullback doesn't affect duties on Canadian imports
WASHINGTON — The United States is still imposing tariffs on Canada after President Donald Trump on Wednesday partially pulled back some of the most devastating duties against countries around the world.
US protectionist turn: Why Trump’s trade policies will backfire – The Mail & Guardian
US President Donald Trump’s announcement of sweeping reciprocal tariffs signals a tectonic shift in global trade dynamics. In complete disregard of the interdependence of the modern global economy, his perspective on trade is entrenched in the zero-sum game theory, where one nation’s gain is perceived as another’s loss. The given rationale behind Trump’s tariff policy is that if a country levies a 10% tariff on American goods, the US should rec…
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