US President Donald Trump has signed a reciprocal tariff memorandum, which aims to impose tariffs on countries that enforce non-tariff trade barriers and value-added taxes (VATs) that create an unfair advantage for foreign businesses. The US Trade Representative's office will review these policies to determine which countries will face retaliatory tariffs. Trump also stated that countries will not be allowed to bypass these tariffs by shipping goods to the US through third-party nations. The plan will also address foreign subsidies and nonmonetary trade barriers. European nations are expected to be targeted next, although they have warned of retaliatory measures. Market response was cautious, with stocks rising but bond and currency yields declining.



Other News from Today