Reciprocal tariffs might be the next trade weapon.
President Donald Trump followed through on the next phase of his trade agenda. In front of reporters at the Oval Office, the president signed proclamations imposing 25% tariffs on all steel and aluminum imports. “This is a big deal — making America rich again,” Trump stated. So, is the latest executive action the steel deal for the US economy or simply another negotiation tactic from the new administration to achieve one of Trump’s endgames?
A Look at the Tariffs
Trump gave the world a heads-up while traveling to the Super Bowl. He told the press that he would announce new levies on all steel and aluminum entering the United States. It was déjà vu all over again for the international financial markets, so investors were not too frightened. Still, traders waited all day…
