The post Trump Teases New Reciprocal Tariffs to Level Global Trade Playing Field appeared first on Coinpedia Fintech News
President Donald Trump teased on Truth Social Thursday a new round of reciprocal tariffs, aiming to match the higher rates other countries charge on American imports. He described it as “THE BIG ONE” in his post, calling it a key step to “MAKE AMERICA GREAT AGAIN.” Reciprocal tariffs were a key part of Trump’s campaign. He wanted to create a fairer trading system by imposing tariffs (taxes) on goods from other countries that charge high tariffs on U.S. products. The tariffs are expected to impact developing countries the most, particularly India, Brazil, Vietnam, and other nations in Southeast Asia and Africa. These countries have some of the widest differences between the tariff rates they charge on US goods and what the US charges them.