Source: The Hill
“President Trump signed off on proposed reciprocal tariffs that he says will crack down on unfair and discriminatory tariffs from adversaries and allies alike. The tariffs will be tailored to each foreign trading partner across five different areas: Tariffs the nation imposes on U.S. products; unfair taxes imposed; cost to U.S. businesses and consumers from another country’s policies; exchange rates; and any other practices the trade representative’s office determines is unfair. The import taxes won’t be immediately imposed, but by signing of the presidential memorandum, Trump paves the way for his administration to begin a review process to initiate them.” [editor’s note: Never forget that it will be YOU who pays these new taxes – TLK] (02/13/24)
https://thehill.com/newsletters/business-economy/5144264-trump-greenlights-reciprocal-tariffs/