Trump says he'll sign sweeping reciprocal tariffs on US trading partners on Thursday
Thursday, 13 February 2025 () President Donald Trump says he’ll sign an order that increases U.S. tariffs to the rates other countries charge on imports. The Republican president said Thursday on his social media site: “TODAY IS THE BIG ONE: RECIPROCAL TARIFFS!!!” The prospect of a dramatic hike on tariffs could send shockwaves through the world economy, possibly depressing growth while also causing inflation to intensify. Trump has maintained such tariffs will help to create domestic factory jobs. But most economists say the tariffs would effectively be a tax increase on U.S. consumers that would add to inflationary pressures. Analysts at Wells Fargo say the tariffs would likely hurt growth this year.
President Trump signed an executive order on February 10, 2025, imposing a 25% tariff on all steel and aluminum imports to the U.S., effective March 12. This bold move is part of his administration's effort to strengthen American industries and counter unfair trade practices. Additional tariffs on...
Russian Foreign Minister Sergey Lavrov has issued a sharp warning, accusing the U.S. and Israel of undermining the fragile Gaza ceasefire. As tensions escalate, Lavrov emphasized that Russia is working..
Prime Minister Narendra Modi is set to visit the United States for a high-stakes meeting with President Donald Trump, focusing on key bilateral issues such as trade tariffs, deportation of Indian..
Donald Trump has warned of severe consequences if Hamas fails to release hostages by Saturday, stating, "All Hell is going to break out." He also suggested the US should "own" Gaza, calling it a..
President Donald Trump on Thursday ordered his advisers to determine new tariff levels for all US trading partners, a sweeping move that threatens to upend the... Invezz
President Donald Trump on Thursday rolled out his plan to increase U.S. tariffs to match the tax rates that other countries charge on imports, possibly... Japan Today
Thursday, 13 February 2025 ()
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