In a move that is set to shake up international trade dynamics, President Donald Trump has declared his intention to implement reciprocal tariffs on all countries, not just those with the largest trade imbalances.
The announcement, expected to be unveiled this Wednesday, dubbed “Liberation Day” by the president, promises to target a broad swath of global trade, including China, Europe, and other major trading partners.
Trump, known for his aggressive trade policies, views tariffs not only as a means to protect American industries but also as a strategic tool for negotiating better trade terms for the United States. His administration has already levied tariffs on a range of imports, including steel, aluminum, and automobiles, with China being a central focus of his trade agenda. However, the new tariff strategy goes beyond specific countries and aims to apply pressure across the board.
