{"id":47350,"date":"2025-02-13T21:31:37","date_gmt":"2025-02-13T21:31:37","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/trumps-reciprocal-tariffs-may-target-the-eu-japan-and-india-heres-what-we-know\/"},"modified":"2025-02-13T21:31:37","modified_gmt":"2025-02-13T21:31:37","slug":"trumps-reciprocal-tariffs-may-target-the-eu-japan-and-india-heres-what-we-know","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/trumps-reciprocal-tariffs-may-target-the-eu-japan-and-india-heres-what-we-know\/","title":{"rendered":"Trump\u2019s reciprocal tariffs may target the EU, Japan, and India\u2014here\u2019s what we know"},"content":{"rendered":"

(Originally posted on : Invezz )<\/b>
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President Donald Trump on Thursday ordered his advisers to determine new tariff levels for all US trading partners, a sweeping move that threatens to upend the global trading system and set off intense negotiations worldwide. <\/p>\n

The memorandum, signed Thursday, instructs officials to account for various trade barriers imposed by foreign countries, including tariffs, taxes, subsidies, and currency policies.<\/p>\n

The move underscores the president\u2019s long-standing grievance that the United States is being taken advantage of in global trade. <\/p>\n

Speaking from the Oval Office, Trump said the goal was to bring manufacturing jobs back to the US<\/p>\n

\u201cIf you build your product in the United States, there are no tariffs,\u201d he said.<\/p>\n

Commerce Secretary nominee Howard Lutnick and trade representative nominee Jamieson Greer, along with other advisers, have been tasked with quickly devising the new tariff structure. <\/p>\n

A White House official, speaking on condition of anonymity, said the administration expects the plan to be finalized soon, The New York Times reported. <\/p>\n

A break from decades of trade policy<\/h2>\n

For decades, the US has determined its tariffs through negotiations at international trade bodies such as the World Trade Organization (WTO). <\/p>\n

The new approach\u2014likely to result in higher tariffs\u2014would represent a unilateral shift away from that framework, granting Washington sole discretion in setting levies.<\/p>\n

Trump\u2019s latest action follows his recent imposition of 25% tariffs on steel and aluminum imports, part of a broader push to counter what he sees as unfair foreign trade practices. <\/p>\n

On Monday, he described those tariffs as \u201cthe first of many.\u201d<\/p>\n

The new tariffs could have broad economic consequences, potentially leading to retaliatory measures from key US trading partners. <\/p>\n

The administration, however, has signalled that other countries will have the opportunity to negotiate tariff levels.<\/p>\n

European Union, Japan, and India likely targets<\/h2>\n

While nearly every country would be affected, Trump\u2019s trade team has singled out the European Union, Japan, and India as likely targets. <\/p>\n

The White House has repeatedly criticized Europe\u2019s value-added tax (VAT), arguing that it places an unfair burden on US exporters.<\/p>\n

Peter Navarro, the president\u2019s senior trade adviser, called the European VAT system a \u201cposter child\u201d for unfair trade, citing Germany\u2019s strong auto exports to the US while importing far fewer American cars.<\/p>\n

\u201cPresident Trump is no longer willing to tolerate that,\u201d Navarro said. <\/p>\n

\u201cThe Trump fair and reciprocal plan will put a swift end to such exploitation of American workers.\u201d<\/p>\n

The US remains one of the few developed nations without a value-added tax, which European nations apply at an average rate of 22%. <\/p>\n

Trump\u2019s plan aims to counterbalance these costs through new tariffs.<\/p>\n

A potential trade war on multiple fronts<\/h2>\n

Trump\u2019s proposal marks a stark departure from past US trade policy, which has generally sought to lower international trade barriers. <\/p>\n

By matching tariffs to those imposed by foreign nations, the US risks escalating disputes with allies and economic rivals alike.<\/p>\n

The administration has also floated a broader \u201cuniversal\u201d tariff to reduce the US trade deficit, though no final decision has been made. <\/p>\n

Under the new plan, tariffs could be justified using several legal authorities, including Section 232 for national security concerns and Section 301 for unfair trading practices.<\/p>\n

In recent weeks, Trump\u2019s aggressive tariff policies have already rattled global markets. <\/p>\n

The US recently imposed a 10 percent tariff on all Chinese imports and came close to implementing sweeping levies on Canada and Mexico before agreeing to a temporary 30-day delay.<\/p>\n

While Trump has framed the new tariffs as a tool to rebalance trade, they also serve as leverage for pressuring countries into granting American companies better access to foreign markets. <\/p>\n

Whether this strategy leads to more favorable trade terms or provokes a prolonged global trade war remains uncertain.<\/p>\n

The post Trump’s reciprocal tariffs may target the EU, Japan, and India\u2014here\u2019s what we know<\/a> appeared first on Invezz<\/a><\/p>\n

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(Originally posted on : Invezz ) President Donald Trump on Thursday ordered his advisers to determine new tariff levels for all US trading partners, a sweeping move that threatens to upend the global trading system and set off intense negotiations worldwide. The memorandum, signed Thursday, instructs officials to account for various trade barriers imposed by […]<\/p>\n","protected":false},"author":3947362359,"featured_media":47351,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[39],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/47350"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362359"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=47350"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/47350\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/47351"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=47350"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=47350"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=47350"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}