Trump's Tariffs Impact Trade
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tariffsWashington Examiner
•US Politics
US Politics
Trump talks tough on tariffs as world awaits the pain - Washington Examiner
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The White House is looking for political wins as well as economic winds, an economics professor says.
Last week , Trump signed an executive order on reciprocal tariffs, promising that the U.S. would match the import duties of major trading partners like Europe , Canada , and India .
The order is only the first step in the process, and any new tariffs will be announced “in Trump time”.
Sracic predicted that a lot of the reciprocal tariffs may ultimately be walked back.
The White House did not say if Trump would consider dropping tariffs in exchange for non-trade-related concessions.
A White House official pointed to Trump ’s 25% steel and aluminum import tax, which will be implemented on March 12 , as evidence of his seriousness on the matter.