Mr. Trump: The U.S. is considering imposing retaliatory tariffs on all trade partners
Considering imposing retaliatory tariffs on all trade partners
President Trump stated that the retaliatory tariffs on other countries will take effect on April 2.
"Other countries have been using tariffs against us for decades, and now it's our turn to do so with them. India imposes tariffs of over 100% on us, the average tariff from China on products from the U.S. is twice what we impose on them, and the average tariff from South Korea is four times higher," he said.
Last month, President Trump called on the U.S. government to study a plan to impose retaliatory tariffs on all trade partners, expected to be completed by April 1. During his campaign, he pledged to address what he called "unfair trade practices from countries."
U.S. Secretary of Commerce Howard Lutnick said on March 4 that "it's unbelievable that we are being deceived all around the world."
