Tariffs - Business Outrank

US President Donald Trump has introduced a new policy of reciprocal tariffs that may change the situation on the global market. The measure, implemented on February 13, 2025, is designed to equal the tariffs that other countries keep on the exports from the United States. The concept of reciprocal tariffs is to achieve the balance of trade. In Donald Trump's opinion, some of his trade partners impose more tariffs on the goods produced in the United States, which leads to an advantage for their industries and the damage of the American manufacturers. It isn’t the first time this concept has been brought forward — the same was proposed by the first administration of Donald Trump. The new Commerce Secretary, Howie Lutnick, pointed out that the plans for these tariffs could be worked out by April. Not all tariffs will be the same. Instead, they will be country-specific, product-specific, industry-specific or even tariff rate-specific for countries importing goods from the US. In order to level the playing field the US seeks to address issues like unfair VATs, currency manipulation, and weak IP protection. However, the move carries risks. Import duties may increase the prices of goods in the United States, decrease the rate of economic growth in other countries and lead to higher inflation rates. India, Argentina and many other emerging markets, as well as some countries in Africa and Southeast Asia that are heavily reliant on exports to the US, will likely be the most affected. However, the tariffs may be able to be lowered in some cases in order to improve trade relations and the effects of the measure are yet to be determined and world markets are eagerly awaiting.

What's Hot

Microsoft Turns 50: A Journey from Startup to Tech Titan

Tata Motors Shares Plunge Nearly 6% After CLSA Downgrade

The Sengupta Royal Family: A Legacy of Leadership, Service, and Nation-Building

Virus Susceptibility in Species: Study Reveals Surprising Findings

Effective Yoga Poses to Naturally Manage Blood Sugar Levels

Health Budgets Of States Fall Below 8%, Missing National Health Policy Targets

The Connection Between Diet and Organic Skincare – Foods for Healthy Skin

Priyanka Chopra’s Stunning Desi Look Steals the Spotlight at Her Brother’s Wedding Festivities

Jana Nayagan: Vijay Wields a Whip in Stunning 2nd Look Poster, Thrilling Fans

Assam’s Jatin Goswami Honored with Padma Bhushan for Sattriya Legacy

Vijay Vikram Singh Urgently Appeals for Respect Amidst Intense Backlash from Rajat Dalal Fans: ‘I Am Not Bigg Boss

Hindon: Incredible Air India Express Flights to Start from March 1 with Low Fares

Indian government approves Singapore Airlines bid to merge Vistara and Air India

Independence Day and Raksha Bandhan Fuel Airbnb Travel Rush

Virus Susceptibility in Species: Study Reveals Surprising Findings

Hindon: Incredible Air India Express Flights to Start from March 1 with Low Fares

Bachchan’s ₹83 Crore Duplex Sale Sparks Unbelievable Investment Growth

Kartik Aaryan’s Fitness Secret: How He Achieved a Stunning Transformation

Browsing: Tariffs

Donald Trump’s Reciprocal Tariffs: How They Will Reshape Global Trade

Microsoft Turns 50: A Journey from Startup to Tech Titan

Tata Motors Shares Plunge Nearly 6% After CLSA Downgrade

The Sengupta Royal Family: A Legacy of Leadership, Service, and Nation-Building

India Revamps Aviation, Steel, and Banking Sectors to Boost Economic Growth

Our Picks

Microsoft Turns 50: A Journey from Startup to Tech Titan

Tata Motors Shares Plunge Nearly 6% After CLSA Downgrade

The Sengupta Royal Family: A Legacy of Leadership, Service, and Nation-Building

Most Popular

Microsoft Turns 50: A Journey from Startup to Tech Titan

Harvesting Hope: Rahul Gandhi’s Empathy in Action with Farmers before 2024 Elections

Is Modi Afraid? Congress Leader Accuses PM of Targeting Rahul Gandhi

Subscribe to Updates

What's Hot

Browsing: Tariffs