Trump Avoids Implementing Reciprocal Tariffs—But They’re Not Off the Table | Global News Avenue

President Donald Trump signed an execution order on Thursday ordering his administration to investigate reciprocity tariffs but did not collect taxes.

Under Trump’s order, agencies will provide detailed information on how the U.S. can raise tariffs on foreign goods to match U.S. exports. For example, if cars from the United States are taxed at a 5% tax rate when sent to the United Kingdom, then cars in the United Kingdom will be taxed 5% because they enter the United States, and these tariffs can reflect the U.S. tariffs by comparing taxes in each On projects that increase the flat rate in the country.

this tariff It is a key part of Trump’s broader trade strategy. The White House hopes to inject more revenue into the federal budget through tariffs and hopes to reduce the country Trade deficit. The government said the measures will generate more money and business activities in the United States.

Goldman Sachs’ Alec Phillips and Elsie Peng announced Monday that the latest tariffs will “theoretically, it’s unlikely that U.S. tariffs will be further raised.”

Goldman Sachs analysts said the policy could also lead to some trading partners reducing tariffs on U.S. goods.

Most economists say broad tariffs will Cost of ordinary American money and May endanger certain jobs. This decline in the economy could cause the Fed to maintain its influential federal funding rate Higher time longer.

Trump has imposed many other new taxes on imports. Trump imposed tariffs on steel and aluminum imports on Monday, about a week after the White House delayed widespread tariffs Canada and Mexico. The White House on February 4 10% tariff About China’s imports.