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Trump targets allies and adversaries with 'reciprocal' tariffs in new executive order

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  US President Donald Trump signs an executive order implementing reciprocal tariffs on US trade partners and adversaries as he pushes to eliminate trade imbalances with Washington. View on euronews

The article from MSN discusses a new executive order signed by former President Donald Trump, which focuses on implementing reciprocal tariffs. This order aims to address trade imbalances by imposing tariffs on countries that levy high tariffs on U.S. goods. The strategy targets both allies and adversaries, seeking to level the playing field in international trade. Trump's approach is described as a response to what he perceives as unfair trade practices, particularly from nations like China, but also from allies in Europe and elsewhere. The executive order is part of a broader "America First" economic policy, aiming to protect American industries and jobs by ensuring that foreign countries do not benefit from lower tariffs on their exports to the U.S. than what they impose on American products. This move has sparked discussions on its potential impact on global trade relations, with critics arguing it could lead to retaliatory measures and a trade war, while supporters see it as a necessary step to correct trade imbalances.

Read the Full MSN Article at:
[ https://www.msn.com/en-xl/politics/government/trump-targets-allies-and-adversaries-with-reciprocal-tariffs-in-new-executive-order/ar-AA1z0K5d ]