One America News Network By Brooke Mallory
In an effort to combat unjust and discriminatory tariffs from both allies and enemies, President Donald Trump signed a presidential memorandum on Thursday that calls for reciprocal tariffs.
The reciprocal tariffs will be tailored to each foreign trading partner based on five factors: unfair taxes, tariffs the country imposes on U.S. goods, the cost to U.S. consumers and businesses of another country’s policies, exchange rates, and any other unfair practices determined by the office of the trade representative.
Although the tariffs won’t be implemented right away, his administration can now begin the review process after signing the memo.
White House officials stated that Trump intends to enact the tariffs as soon as possible, estimating that it will take “weeks” and no more than “a few months” to do so.
In the memo, the president instructs nominees Howard Lutnick for Commerce secretary and Jamieson Greer for U.S. trade representative to consult with Treasury Secretary Scott Bessent and Homeland Security Secretary Kristi Noem, among others, in order for them to “quickly” submit a report outlining their recommendations for each nation.
Russell Vought, the head of the Office of Management and Budget, would then have 180 days to provide a report evaluating the tariffs’ financial effects…
READ FULL ARTICLE HERE… (oann.com)
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