Trump launches plan to target countries with 'reciprocal' tariffs
Published On Feb 13, 2025, 4:42 PM
President Trump has signed a memo instructing his administration to develop reciprocal tariffs aimed at countries with perceived unfair trade practices, particularly targeting the EU, India, Vietnam, and Thailand. The plan, which is to be reported back within 180 days, is touted as an effort to boost U.S. manufacturing and investment by equalizing tariff rates. There are concerns that these measures could escalate trade tensions and could lead to economic repercussions such as higher consumer prices in the U.S.
Stock Forecasts
SPY
Negative
The potential introduction of reciprocal tariffs could create a challenging environment for multinational companies and could negatively affect sectors reliant on trade. The uncertainty surrounding tariffs may weigh on investments in industries sensitive to manufacturing costs and consumer goods pricing.
XLI
Positive
Conversely, companies focused on domestic production may see a boost from efforts to increase jobs and manufacturing within the U.S., making them potentially profitable in the long run.
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