Trump Announces 'reciprocal' Tariffs: What Are They About?

The President of the United States, Donald Trump, announced a new trade policy that could redefine the country’s economic relations with the world. Likewise, in a statement from the Oval Office, the president informed that his government will apply reciprocal tariffs to those nations that impose tariffs on American products.

“In matters of trade, I have decided, for reasons of fairness, that I will charge a reciprocal tariff. That is, what countries charge the United States of America, we will charge them all”, said the president.

It should be noted that this decision comes in a context of trade tensions with countries such as China, Mexico and Canada, although the imposition of tariffs for the latter two are on hold for the moment.

Meanwhile, Trump acknowledged that he does not have exact figures for each country, but assured that his team will analyze case by case to determine the appropriate rates.

“The particular country is analyzed and what they charge us is observed. In almost all cases, they charge us, which is very lucky that we charged them,” he explained.

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On the other hand, although tariffs have been implemented through an executive action, their application will not be immediate. That is, Trump said he seeks to give countries time to renegotiate their trade agreements with the United States.

In addition, a group of senior advisors will determine the specific figures and the implementation schedule. Among those in charge of this task are Peter Navarro, presidential advisor; Jamieson Greer, nominated as trade representative; Kevin Hassett, director of the National Economic Council; and Scott Bessent, Secretary of the Treasury.

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Likewise, imposing tariffs has been Trump’s plan since his candidacy for president. Among the first actions contemplated was to charge tariffs of 25% on imports from Mexico and Canada. However, after negotiations, the tariffs are suspended until next March, when it will be known if it will be a final decision.

Also, the head of government of the United States announced a tariff of 25% on steel and aluminum, with the possibility that this tariff will increase to 50% for Mexico and Canada if an agreement is not reached before March 4. Meanwhile, China already faces a 10% tariff on its exports to the US.