In a significant development, US President Donald Trump announced via his social media accounts that the "reciprocal tariffs" plan he has long promoted will officially go into effect at midnight tonight (12:00 Beijing time).
Trump explained that massive financial flows would begin to return to the American economy, noting that these revenues come from countries that have long taken advantage of the United States without fair compensation. He also warned that the real threat to America's renaissance is a "radical left-wing judiciary" seeking, as he put it, to undermine the country's foundations.
According to a revised version of the executive order issued by US Customs and Border Protection, Washington will impose tariffs ranging from 10% to 41% on imports from 69 countries and territories around the world, with additional rates applied to specific countries, including 25% for Canada and 35% for Mexico.
Previously, the Trump administration had concluded several trade deals that strengthened economic relations with major powers. For example:
Japan has pledged to increase its imports of US agricultural products by $8 billion, along with investing $550 billion in the US market.
South Korea has agreed to fully open its doors to US products, including cars and agricultural crops.
The European Union pledged to increase its investments by $600 billion, in addition to purchasing $750 billion in American energy.
This policy seeks to redirect investments toward the US by imposing high tariffs that encourage the localization of factories and production operations within the country. However, some analysts believe that these measures could ultimately lead to higher prices for American consumers and could create disruption to the international trade system.
🔍 These radical shifts put the United States on a new path of trade escalation that could redraw the map of economic alliances around the world.
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