President Trump announces plan for reciprocal tariffs on trading partners

President Trump plans reciprocal tariffs on trading partners to address trade imbalances and promote fairness. teleSUR

Transcript

00:00President Donald Trump announced on Thursday that a set of reciprocal tariffs on his country's

00:07trading partners will match the rates applied by each nation to the U.S.

00:12After the announcement of the measure, the president signed a memorandum on the matter,

00:17which will allow his administration to execute a review process to implement the initiative.

00:24Trump asserted that the equalization of tariffs with other countries would lead to the return

00:33of pharmaceuticals, automotives and integrated certain manufacturers to U.S. soil-boosting

00:41jobs creation.

00:42However, analysts have said that the tariff policy would backfire on Trump if his agenda

00:51increases inflation and slows economic growth, making it a high-risk gamble for the country.