President Donald J. Trump has declared a national emergency to tackle unfair trade practices and restore economic sovereignty. Through reciprocal tariffs, he aims to protect U.S. industries, re-shore manufacturing, and strengthen national security.
These measures address trade imbalances, reduce dependence on foreign supply chains, and promote "Made in America" to drive economic growth and safeguard American prosperity.
What are the current problems with trade?
Persistent trade deficits: Weakening manufacturing, supply chains, and national security.
Unfair foreign trade practices: Disadvantaging U.S. businesses through non-reciprocal tariffs and barriers.
Decline in U.S. manufacturing jobs and output: Reducing competitiveness and economic resilience.
What does the Executive Order address?
Reciprocal tariffs: Introducing a baseline 10% tariff for all countries and higher rates for those with significant trade deficits, encouraging fairer trade practices.
Addressing trade barriers: Targeting both monetary and non-monetary barriers, such as tariffs, duplicative standards, and restrictions, to improve market access for U.S. businesses.
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How does the Executive Order impact me?
Economic growth: Fairer trade practices and reduced dependence on imports strengthen the U.S. economy, boosting household incomes and increasing opportunities for small towns and middle-class communities. Fairer trade deals: By tackling tariff and non-tariff barriers, it levels the playing field, ensuring U.S. businesses can compete globally and thrive. How much are other countries being charged? |
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