President Trump plans reciprocal tariffs on trading partners to address trade imbalances and promote fairness. teleSUR
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00:00President Donald Trump announced on Thursday that a set of reciprocal tariffs on his country's
00:07trading partners will match the rates applied by each nation to the U.S.
00:12After the announcement of the measure, the president signed a memorandum on the matter,
00:17which will allow his administration to execute a review process to implement the initiative.
00:24Trump asserted that the equalization of tariffs with other countries would lead to the return
00:33of pharmaceuticals, automotives and integrated certain manufacturers to U.S. soil-boosting
00:41jobs creation.
00:42However, analysts have said that the tariff policy would backfire on Trump if his agenda
00:51increases inflation and slows economic growth, making it a high-risk gamble for the country.