President Donald J. Trump has signed an Executive Order that changes the reciprocal tariff rates for certain countries. The move is intended to address the United States’ annual goods trade deficits and protect national security and economic interests.
According to the White House, this action aims to secure fair, balanced, and reciprocal trade relationships. It is designed to benefit American workers, farmers, and manufacturers while also strengthening the country’s defense industrial base.
The administration stated that President Trump’s approach marks a shift from previous trade policies. “Today’s Order underscores President Trump’s commitment to take back America’s economic sovereignty by addressing the many nonreciprocal trade relationships that impact foreign relations, threaten our economic and national security, and disadvantage American workers,” according to a statement from the White House.
Officials said these tariff policies have resulted in increased investment within the United States and have addressed longstanding unfair trade practices. “President Trump’s tariff policies have generated significant investment into the United States, strengthening the U.S. economy while addressing unfair trade practices that have disadvantaged American workers for decades,” according to the release.
