Sentences with phrase «reciprocal tariffs»

"Reciprocal tariffs" refers to a situation where two or more countries impose the same or similar taxes or fees on imports from each other. It is a way of balancing trade relationships and ensuring that trade conditions are fair and equal between countries. Full definition
But with unemployment generally low, a wave of reciprocal tariff increases is simply going to be disruptive and inefficient.
It was quickly apparent that Trump was as ill - prepared for the blowback from other nations, which threatened reciprocal tariffs on American as he was for making the proposal in the first place.
After Trump's China tariffs announcement on Thursday, Beijing unveiled plans for reciprocal tariffs of $ 3 billion on 128 U.S. products.
He has threatened to impose reciprocal tariffs on imports that would raise prices on a wide variety of goods, disproportionately hurting low - income consumers, and inviting retaliation that would harm successful U.S. exporters.
While NAFTA needs be modernized to address the changes brought about by the digital economy, the threat of tariffs and any resulting reciprocal tariffs might derail otherwise productive talks.
In response to the tariffs, foreign countries have threatened to implement reciprocal tariffs on US exports.
An escalating trade war between the United States and China shook the markets earlier in the day after Beijing announced it was considering reciprocal tariffs on the world's largest economy.
The Trump administration doubled down on its pledge to tax Chinese imports after Beijing announced plans for reciprocal tariffs targeting U.S. goods.
For many years, Chinese officials have said that they would reduce protectionist policies in the automotive industry when they are ready to move into Western markets in order to prevent the possibility of reciprocal tariffs.
Only a naïve fool would think that reciprocal tariffs were not going to also be implemented.
As I'm writing, it seems China has made good on their threat and has just now released their reciprocal tariff announcement.
The market had a terrible week fretting about trade war fears on the tariffs on steel and aluminum imports with the reciprocal tariffs by China on agricultural products.
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