Today, President Donald Trump took to Truth Social to announce a new round of reciprocal tariffs on nations that charge an import tax on American goods.
“THREE GREAT WEEKS, PERHAPS THE BEST EVER, BUT TODAY IS THE BIG ONE: RECIPROCAL TARIFFS!!! MAKE AMERICA GREAT AGAIN!!!” Trump wrote.
Earlier this week, the President suggested implementing reciprocal tariffs, stating, “If they charge us, we will charge them.”
White House press secretary Karoline Leavitt said various nations have been “ripping off” the U.S. “that’s why the president believes this will be a great policy that will benefit American workers and improve our national security.”
“This is something he believes strongly in, and it’s very simple logic as to why the president wants to impose reciprocal tariffs,” Leavitt concluded.
Reciprocal tariffs, one of Trump’s core campaign pledges, are set to further escalate trade tensions across the world. The latest tariffs are predicted to impact India, Brazil, Southeast Asia, and Africa.
According to the White House, Trump will share further details on the tariffs before his visit with Indian Prime Minister Narendra Modi later today.
By CEO NA Editorial Staff
