President Donald Trump has gone on a rampage implementing the administration’s trade agenda. In one month, the president has slapped 25% tariffs on all steel and aluminum imports. The White House has engaged in on-again, off-again levies on Canada and Mexico to ensure they enact their border proposals and curb drug trade flows. China has been slapped with 10% import taxes. The latest executive action, says Trump, could be one of the most consequential memorandums he has ever signed: reciprocal tariffs.
World Is Tarrified of the Trump Trade Agenda
Heading into the Presidents Day long weekend, Trump signed a memo enacting sweeping global reciprocal tariffs on all of America’s trading partners. “I have decided for purposes of fairness that I will charge a reciprocal tariff. Meaning whatever countries charge the United States of America we will charge…