Trump said he may sign reciprocal tariffs today, or tomorrow

Wednesday or Thursday, does it matter? They are on the way is the key takeaway.

Trump’s proposed reciprocal tariffs would match the import duties that other countries impose on U.S. goods. The goal is to reduce trade imbalances and protect American industries by ensuring that if a country charges a tariff on U.S. products, the U.S. will impose the same rate on their imports. While intended to promote fairer trade, this approach could increase global trade tensions and raise costs for American consumers and businesses.

He may also target non-tariff barriers, like foreign subsidies, taxes, and regulations. Japan, the EU, and China could face higher U.S. tariffs under this approach.

This article was written by Eamonn Sheridan at www.forexlive.com.