The European Commission (EC) has branded the latest US “reciprocal tariffs” as “a step in the wrong direction”.
After the past few weeks of tariff-pandemonium, the Trump administration has released yet another plan to boost the US trade deficit.
With its Reciprocal Trade and Tariffs Plan, the administration will examine the arrangements with all the US trading partners and determine an equivalent “reciprocal tariff” for each.
A White House statement …
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