🇺🇸 Trump’s Reciprocal Tariff Strategy on Global Trade
Overview: Former President Donald Trump adopted a reciprocal tariff policy aimed at reshaping global trade by imposing tariffs that matched or exceeded those levied by other countries on U.S. exports.
---
🔄 What Are Reciprocal Tariffs?
A reciprocal tariff means:
“If you tax our goods at 25%, we’ll tax yours the same or more.”
---
🛠 Key Steps in Trump’s Policy:
1. America First Trade Agenda
Focused on reducing trade deficits and boosting U.S. manufacturing.
2. Steel & Aluminum Tariffs (2018)
Imposed 25% on steel, 10% on aluminum imports globally.
Justified under national security (Section 232).
3. China Trade War
Tariffs on $360+ billion of Chinese goods.
Triggered retaliatory tariffs from China.
Aimed to push China on IP theft, tech transfer, and market access.
4. Rewriting Trade Deals
Replaced NAFTA with USMCA.
Pressured EU, Canada, Mexico, and Japan to reduce trade barriers.
5. Push for Tariff Equalization
Criticized allies (like the EU) for unfair tariff differences.
Threatened tariffs on autos, wine, and agricultural goods.