Trump Announces Reciprocal Tariffs to Start as Soon as April

This is every country, and essentially, when they treat us fairly, we treat them fairly,

Trump told reporters Thursday when signing proclamations ordering the reciprocal tariffs

George W. Bushpresident

But if countries refuse, and the U.S. raises its tariffs, then it is bad for the US" as American importers will face higher prices

said McDaniel, a former official in George W. Bush's administration

The 'tariff storm' of Trump 2.0 era will have an adverse impact on the US and the world,

Chen Fengying, a research fellow at the Beijing-based China Institutes of Contemporary International Relations, told the Global Times

This challenges WTO free trade rules,

Li said

I would suggest to you that the tariffs we imposed on China were historic and large, and we had no problem at all with that,

Navarro said

The complexity of devising a fully reciprocal tariff system with all other countries and covering all products would be enormous,

said Tim Brightbill, a trade lawyer at Wiley Rein LLP

Peter Navarrotrade adviser

The goal is to have fair and reciprocal trade, and if we have that we will have jobs, high wages and high productivity,

Trump trade adviser Peter Navarro said Thursday on Bloomberg Television

It’s a two-way street,

Lutnick told reporters Thursday after Trump signed the directive

India is a country that Trump has railed against in the past, although I don't think it's a particular obsession of his in the way that China is, because China is a major strategic competitor to the United States. Or the way Canada and Mexico are, because they are the bordering countries,

according to Milan Vaishnav, director of the South Asia program at the Carnegie Endowment for International Peace

I think this is only part of the tariffs we are likely to see or at least threatened” over the coming months

Harrell said Thursday morning on “The Capital Cable,” a livestream program of the Center for Strategic and International Studies’ (CSIS) Korea Chair

India could face a double challenge — on the trade/economic front and the strategic big picture front,

Pande told VOA on Thursday

We’ve been a reliable partner for a long period of time,

he noted, with the United States traditionally setting tariffs through negotiations involving international groups such as the World Trade Organization

Prime Minister Modi and I agreed we would begin negotiations to address the long-standing disparities,

Trump said

Whatever India charges, we’re charging them,

he said

Every one of those countries is taking advantage of us in different ways, and the president characterizes this as a lack of reciprocal trade,

the official added, speaking on condition of anonymity

So far, it seems more like an invitation to negotiate,

said Mercatus Center senior research fellow Christine McDaniel

With reciprocity, as defined by Trump, U.S. tariffs would probably on average 10 to 15 percentage points higher. In my opinion, tariffs actually hurt the U.S. economy, so while they would raise revenue ... they would reduce GDP growth,

Hufbauer said

Despite the appearance of subsidizing exports and punishing imports, however, a border-adjusted VAT is trade neutral,

they said in a Wednesday report

Suppose that Brazil drops its tariffs on US autos, but keeps its tariffs the same on all foreign autos" for example

he added

The more major countries retaliate, the more other countries will be tempted to join in,

he told AFP