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Trump Set to Announce Global Reciprocal Tariffs
Posted
February 13, 2025
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February 13, 2025
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2:50Now PlayingPresident Donald Trump said he would announce reciprocal tariffs on Thursday, promising to deliver on his threat to slap tariffs on imports from countries that impose higher duties on US goods.
The move would represent a major escalation of his trade war with economic partners. Trump announced the move on his Truth Social platform. He did not give any details on what the tariffs would be, how they would be structured or when they’d take effect.
“THREE GREAT WEEKS, PERHAPS THE BEST EVER, BUT TODAY IS THE BIG ONE: RECIPROCAL TARIFFS!!! MAKE AMERICA GREAT AGAIN!!!” he wrote. In a subsequent post, Trump said he would speak about the tariffs at a news conference at 1 p.m., Washington time, from the Oval Office.
Jane Foley, head of FX strategy at Rabobank, examines the implications of these promised import taxes on global currencies and emerging markets. Jane speaks with Tom Keene and Damian Sassower on Bloomberg Radio.
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