If the US genuinely tries to close its overall deficit with big tariffs all round, it will cause a crunching recession. If Trump discriminates between trading partners, the heavily tariffed ones can nip through the side door of those who escaped more lightly.

Donald Trump’s tariffs are a headache for all his trade partners. But the U.S. president’s plan to impose ad hoc “reciprocal” levies on imports are a particular problem for the European Union. By enabling him to target whichever countries in the bloc he pleases,

On February 13th Donald Trump announced he had decided, for what he later called “purposes of fairness”, to employ reciprocal tariffs. When the levies will go into effect, and how they will apply, is uncertain.

Here’s what you need to know about reciprocal tariffs and who might be impacted by Trump’s plan. Reciprocal tariffs refer to tariffs—the taxes charged on imported goods—the U.S. government plans to levy against global trading partners that are equal to the existing tariffs foreign countries have set against American goods.

The president said his advisers would devise new tariff levels reflecting countries’ tariffs, taxes, subsidies and other policies affecting trade with the United States.

Reciprocal U.S. trade tariffs proposed by President Donald Trump are unlikely to have a significant negative bearing on the rupee, the head of global foreign exchange at Jefferies said.

The tariffs are intended to boost the U.S. economy and curb illegal activities, but their effectiveness is debated. LSU professor warns that tariffs could lead to higher prices for consumers, reduced trade,

In a recent speech at Washington DC, US President Donald Trump said that he plans to impose reciprocal tariff on India soon. The Republican leader said that US was getting ready to do it earlier, but plans were paused due to the Covid-19 pandemic.

Hours before his bilateral meeting with PM Modi, Donald Trump had announced that the US would impose reciprocal tariffs on trading partners.