US President Donald Trump
US President Donald Trump’s administrationis set to introduce a new tariff packagethat would imposeequal-value tariffsoncountries thatlevytrade taxes on US imports. 
Trumpsaidin press statements this week that tariffs on steel and aluminum imports were imminent, stressing that the time for reciprocity had arrived—if a country imposes tariffs on the US, Washington will respond in kind.
Headdedthathe might issue an executive orderon the matter by Tuesday or Wednesday.Whenno decision was announced yesterday, Trump was asked if he would take action today, to which hereplied, “We’ll see what happens,” according to the Associated Press (AP).
Less than a month into his tenure, Trump has made bold moves to enforce his protectionist trade agenda, starting with the imposition of sweeping tariffs on both Canada and Mexico.
But he quickly suspended the decision for 30 days after reaching an agreement with both countries to intensify border security efforts to combat drug smuggling and the flow of illegal immigrants into the US.
Trump then imposed a 10% tariff on Chinese imports, citing their role in fueling drug flow into the US. In response, Beijing retaliated with tariffs of up to 15% on certain American imports.
This week, the US president decided to impose a 25% tariff on steel and aluminum imports from all countries in a move that threatens to undermine global economic activity, which sparked outrage from several countries, including the European Union, which stressed that the matter would not pass without a response.
US President Donald Trump
US President Donald Trump’s administrationis set to introduce a new tariff packagethat would imposeequal-value tariffsoncountries thatlevytrade taxes on US imports.
Trumpsaidin press statements this week that tariffs on steel and aluminum imports were imminent, stressing that the time for reciprocity had arrived—if a country imposes tariffs on the US, Washington will respond in kind.
Headdedthathe might issue an executive orderon the matter by Tuesday or Wednesday.Whenno decision was announced yesterday, Trump was asked if he would take action today, to which hereplied, “We’ll see what happens,” according to the Associated Press (AP).
Less than a month into his tenure, Trump has made bold moves to enforce his protectionist trade agenda, starting with the imposition of sweeping tariffs on both Canada and Mexico.
But he quickly suspended the decision for 30 days after reaching an agreement with both countries to intensify border security efforts to combat drug smuggling and the flow of illegal immigrants into the US.
Trump then imposed a 10% tariff on Chinese imports, citing their role in fueling drug flow into the US. In response, Beijing retaliated with tariffs of up to 15% on certain American imports.
This week, the US president decided to impose a 25% tariff on steel and aluminum imports from all countries in a move that threatens to undermine global economic activity, which sparked outrage from several countries, including the European Union, which stressed that the matter would not pass without a response.
