What Are Reciprocal Tariffs and Who Might Be Impacted by Trump’s Plan?
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.
What Are Reciprocal Tariffs? Trump's Trade Announcement Explained
Trump's proclamation designates value-added taxes—commonly used in the European Union and similar to sales taxes—as a trade barrier to be factored into reciprocal tariff calculations, according to a senior White House official who spoke on condition of anonymity to preview the details during a call with reporters.
US Fed warns Trump's tariffs may increase prices
Minutes from the Federal Reserve's January meeting released on Wednesday revealed members of its committee believe Trump's policies might "hinder the disinflation process". "Business contacts in a number of districts had indicated that firms would attempt to pass on to consumers higher input costs arising from potential tariffs,
Trump plans 25% auto tariffs to reshape US trade policy
U.S. President Donald Trump said on Tuesday auto tariffs will be around 25% and he will have more to share on the topic on April 2. On Friday, Trump said levies on automobiles would come as soon as April 2,
Trump says he will introduce 25% tariffs on autos, pharmaceuticals and chips
President Donald Trump is planning to impose 25% tariffs on imported automobiles as well as tariffs at a similar level on pharmaceutical imports and semiconductors.
Trump floats 25% tariffs on U.S. auto, drug, chip imports
Stocks fell Wednesday amid fresh investor concern about a broader trade war.
Donald Trump considers 25% tariff on imported cars
Donald Trump is considering imposing tariffs of about 25 per cent on imports of cars, drugs and chips into the US as he teased the next steps of a rapidly escalating trade war. The US president said on Tuesday that he was weighing tariffs “in the neighbourhood” of 25 per cent on automotive imports and at least that level on pharmaceutical products and semiconductors.
How Tariffs Work
Understanding who will end up paying for the higher costs means understanding how manufacturing, trade and supply chains ...
What is 'Reciprocal Tariff'
A reciprocal tariff is a tax or trade limit that one country imposes on another as a reaction to similar measures from that country. The purpose of reciprocal tariffs is to maintain fairness in trade ...
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Steel and Aluminum Tariff “Derivative Articles” Defined
On February 14, 2025, two federal registrar notices, including Annex I, were published, providing details on “derivative articles” that fall ...
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Ad Valorem Tariff: Definition and Examples
Agricultural products: Many countries impose ad valorem tariffs on imported agricultural goods, such as fruits, vegetables, and dairy products. For example, a 15% tariff on imported cheese valued ...
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B.C. Premier David Eby says tariffs will define legislative session
Speaking to reporters after Lt.-Gov. Wendy Cocchia delivered the session's opening Speech from the Throne, Eby said the ...