Trump Readies Matching Tariffs On Trade Partners

February 11, 2025 4:51 am

WASHINGTON (AP) — President Donald Trump could sign an order as soon as Wednesday to require that U.S. tariffs on imports match the tax rates charged by other countries. It’s a bet that his economic ideas can eventually deliver meaningful results for voters, even if by Trump’s own admission the import taxes could involve some financial pain in the form of inflation and economic disruptions. For all of Trump’s talk, the impact will likely depend on the details of the tariffs and how other nations respond. The tariffs could set off retaliatory measures that could roil growth around the globe and reset where the United States stands with allies and rivals alike.