Understanding the New Reciprocal Tariffs

US President Donald Trump is on the verge of approving a new set of reciprocal tariffs. However, these tariffs are not expected to take effect immediately. According to CNBC journalist Eamon Javers, the implementation could be delayed until April 1, marking a strategic pause in the administration's trade policy.

The Process Behind the Tariffs

Instead of issuing an executive order, President Trump is anticipated to announce a presidential memorandum. This memorandum will task the US Trade Representative (USTR) with the development of the next steps. This method indicates a more structured and procedural approach to initiating the tariff implementation process.

What Are Reciprocal Tariffs?

Reciprocal tariffs are designed to impose duties on imported goods at rates equivalent to those that foreign countries apply to US exports. This strategy aims to level the playing field in international trade, ensuring that American products are not disadvantaged in global markets.