President Trump announces a plan to impose reciprocal tariffs on all nations that levy duties on US imports, marking a significant escalation in trade policy. He also expresses alignment with Defense Secretary Hegseth's position on Ukraine's NATO membership, suggesting a potential policy shift towards Moscow.
United States President Donald Trump has signed a memorandum outlining a comprehensive plan to implement reciprocal tariffs on every nation that levies duties on American imports. The new tariffs will be enforced after a dedicated team conducts a thorough reevaluation of the bilateral trade relationship each country shares with the US. President Trump hinted earlier this week that he was also contemplating separate tariffs on automobiles, semiconductors, and pharmaceuticals.
A high-level team will be tasked with scrutinizing bilateral tariff and trade relationships, commencing with countries exhibiting the most substantial trade surpluses and the highest tariff rates. A White House official stated that the president's reciprocal tariffs would mirror the elevated duty rates imposed by other countries. US officials asserted that the absence of reciprocal tariffs had contributed to a persistent and significant trade deficit. President Trump emphasized that, in nearly all instances, countries were levying vastly higher charges against the United States, but those days were drawing to a close.The President was fielding questions in the Oval Office when he attributed the potential for Ukraine's accession to the North Atlantic Treaty Organization (NATO) to former President Joe Biden. This statement follows US Defense Secretary Pete Hegseth's remarks in Brussels this week, where he indicated that the United States deemed NATO membership for Ukraine an unrealistic outcome of a negotiated settlement. Hegseth further stated that a restoration of Ukraine's pre-2014 borders prior to Russia's annexation of Crimea was an unrealistic objective. President Trump expressed his alignment with Hegseth's position, signaling a notable policy shift in Washington's stance towards Moscow. \u201cI don\u2019t see any way that a country in Russia's position could allow them, just in their position, could allow them to join NATO. I don\u2019t see that happening. And long before President Putin, Russia was very strong on the fact that I believe that\u2019s the reason the war started, because Biden went out and said that they could join NATO. And he shouldn\u2019t have said that. As soon as he said that, I said, You know what? You're going to have a war now. And I was right about that.\u201
Trade Tariffs Reciprocal Tariffs Donald Trump NATO Ukraine Russia Trade Policy Bilateral Trade
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