The President of the United States has pledged to address countries that impose tariffs on U.S. imports by implementing reciprocal tariffs.
Donald Trump has instructed his administration to begin calculating these duties by early April, raising concerns regarding a potential global trade conflict, which could further exacerbate inflation in the United States. “In the interest of fairness, I have decided to impose reciprocal tariffs, meaning that whatever tariffs are levied against the United States will be equally imposed on those countries. No more, no less,” he stated on the platform Truth Social.
This initiative is expected to initiate negotiations with numerous countries to reduce their tariffs and trade barriers. The United States aims to decrease its goods trade deficit, which exceeded $1.2 trillion (£954 billion) in the previous year.
A White House representative indicated that countries exhibiting substantial trade surpluses with the United States may be prioritized for these measures. The leading nations in this regard, as identified by the U.S. Census Bureau, are China, Mexico, Vietnam, Ireland, and Germany.
