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New York Times: Trump Announces Reciprocal Tariffs Across the Globe

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Sorry for the lack of commentary, but this is like drinking from a water hose of news. No one is able to keep up with all of these developments.

New York Times:

President Trump on Thursday set in motion a plan for new tariffs on other countries globally, an ambitious move that could shatter the rules of global trading and is likely to set off furious negotiations.

The president directed his advisers to come up with new tariff levels that take into account a range of trade barriers and other economic approaches adopted by America’s trading partners. That includes not only the tariffs that other countries charge the United States, but also the taxes they charge on foreign products, the subsidies they give their industries, their exchange rates, and other behaviors the president deems unfair. …”

Trump has been talking about this since the 1980s.

New York Times:

“President Trump is pursuing a far more aggressive trade policy than he embraced in his first term, allowing his unfettered instincts about how to put America at the forefront to guide him with little pretense of investigations or extended deliberations.

Since taking office, Mr. Trump has threatened punishing tariffs on goods from every global trading partner. That includes proposals to tax more than $1.3 trillion of imports from Canada, Mexico and China — many times the volume of trade his tariffs affected in his entire first term.

On Thursday, Mr. Trump proposed his most aggressive and consequential measure to date with a global rework of tariffs — a move that made it clear that the president would have no qualms about weaponizing tariffs and antagonizing trading partners to extract concessions. …”

In his first term, Trump essentially shared power with Senate Republicans. Mitch McConnell impotently voting against Hegseth, Gabbard and RFK Jr. illustrates how this has changed.


Source: https://occidentaldissent.com/2025/02/14/new-york-times-trump-announces-reciprocal-tariffs-across-the-globe/


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