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U.S. President Donald Trump announced on February 13, 2025, the implementation of a new series of reciprocal tariffs on goods from various countries. This decision, which Trump signed into action, aims to correct trade imbalances and address concerns he has raised about unfair treatment of U.S. companies by foreign nations.
The tariffs will involve raising duties in the U.S. to match or exceed those imposed by other countries, where the current U.S. tariffs are lower. According to the White House, further details regarding this initiative will be developed over the coming months.
In addition to the tariffs, the administration signaled intentions to tackle other trade barriers, including taxes on American businesses such as value-added taxes, government subsidies, and regulations that restrict U.S. firms from operating abroad. These steps are framed within Trump's broader agenda to rectify perceived inequalities in international trade practices.