Trump Adjusts Tariffs Ahead of Deadline, Imposing 40% Duties on Transshipped Goods
TL;DR Summary
President Trump signed an executive order to modify reciprocal tariff rates with certain countries to address trade deficits, strengthen America's global trade position, and incentivize domestic manufacturing, resulting in new trade agreements and increased foreign investment in the U.S.
- Fact Sheet: President Donald J. Trump Further Modifies the Reciprocal Tariff Rates The White House (.gov)
- FURTHER MODIFYING THE RECIPROCAL TARIFF RATES The White House (.gov)
- Trump rejigs tariff rates ahead of deadline, levies 40% duties on all transshipped goods CNBC
- Trump raises tariffs on Canada ahead of midnight deadline CNN
- Squeezed ‘like a lemon’: White House raising the pressure ahead of Friday tariff deadline Politico
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