Trump Announces: Reciprocal Tariffs Take Effect Tonight, Billions of Dollars Will Flow Back to the U.S.

U.S. President Trump issued a statement on his social media platform, announcing that the previously proposed 'reciprocal tariffs' will officially take effect at midnight tonight (Beijing time 12:00).

Trump stated that billions of dollars will start flowing into the U.S., primarily from countries that have taken advantage of America for years. He also emphasized that the only thing that can stop America's greatness is a radical left-wing court that wants to see the country fail.

According to the implementation details of Trump's adjusted 'reciprocal tariffs' executive order released by U.S. Customs and Border Protection, starting from midnight August 7, Eastern Time, the U.S. will impose tariffs of 10% to 41% on imported goods from 69 countries or regions. Additionally, trading partners such as Canada and Mexico will face additional tariffs of 25% and 35%.

Previously, the Trump administration had reached new trade agreements with several countries. For example, Japan agreed to increase its purchases of U.S. agricultural products by $8 billion and will invest $550 billion in the U.S.; South Korea will fully open trade with the U.S. and accept U.S. products including automobiles, trucks, and agricultural products; the European Union agreed to increase its investment by $600 billion and purchase $750 billion worth of U.S. energy products.

Trump's reciprocal tariff policy aims to attract companies to build factories in the U.S. through high tariffs, promoting the return of manufacturing while exerting economic and political pressure on the international stage. However, some experts point out that the tariff policy may ultimately be passed on to American consumers, increasing their burden and potentially undermining the stability of the global trade system.