President Donald Trump is taking a blowtorch to the rules that have governed world trade for decades. The “reciprocal’’ tariffs that he is expected to announce Wednesday are likely to create chaos for global businesses and conflict with America’s allies and adversaries alike.
Since the 1960s, tariffs — or import taxes — have emerged from negotiations between dozens of countries. Trump wants to seize the process.
“Obviously, it disrupts the way that things have been done for a very long time,’’ said Richard Mojica, a trade attorney at Miller & Chevalier. “Trump is throwing that out the window ... Clearly this is ripping up trade. There are going to have to be adjustments all over the place.’’
Read Full Article Here
Trump’s reciprocal tariffs will overturn decades of trade policy
- by: PAUL WISEMAN and CHRISTOPHER RUGABER
- 04.01.25
- Source:
AP News
- 04/01/2025
Follow us
Read our latest news on any of these social networks!
Get latest news delivered daily!
We will send you breaking news right to your inbox
Have a tip? Let us know!
Recent Articles
- by: Matt Lavietes and Chloe Atkins
- Source:
NBC News
- 04/02/2025
NYC Mayor Eric Adams' corruption case is dismissed
A federal judge dismissed the charges at the request of the Justice Department, which had argued that the case distracted from Adams' ability to enact Trump's immigration agenda.
- by: Tierney Sneed, CNN
- Source:
CNN
- 04/02/2025
Trump’s attempt to revamp elections with proof of citizenship requirement challenged in court
Democratic groups and non-partisan organizations separately sued Monday over an executive order targeting election procedures signed last week by President Donald Trump, kicking off a court fight over Trump’s attempt to unilaterally revamp how elections are run.
- by: COLLIN BINKLEY
- Source:
Dayton Daily News
- 04/02/2025
Trump administration halts dozens of research grants at Princeton University
The Trump administration has halted several dozen federal research grants at Princeton University
- by: Morgan Rimmer, Clare Foran and Ted Barrett
- Source:
CNN
- 04/01/2025
Cory Booker’s marathon Senate floor speech stretches overnight in protest over Trump actions
New Jersey Sen. Cory Booker’s marathon speech on the Senate floor has stretched overnight into Tuesday morning as he protests actions taken by President Donald Trump’s administration, saying that he will keep going “as long as I am physically able.”