Policy Brief: Trump Announces “Fair and Reciprocal” Tariff Plan
On February 13, 2025, President Donald Trump signed a memorandum calling for "fair and reciprocal" trade tariffs on every country that charges duties on U.S. imports. “[W]hatever countries charge the United States of America, we will charge—no more no less,” Trump said. The “Fair and Reciprocal Plan” would counter non-reciprocal trading arrangements by …
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