Trump Reciprocal Tariffs: What Are They? Which Countries Will Be Most Affected? (14.02.2025)
After promising to unleash “the big one,” President Donald Trump signed a measure Feb. 13 directing his administration to propose a round of so-called reciprocal tariffs that could remodel America’s trading relationship with the world. If exports from a multitude of countries to the world’s biggest economy end up being taxed more heavily, there’s a risk of higher inflation in the US and slower economic activity everywhere else. Howard Lutnick, Trump’s nominee to lead the Commerce Department, sai