Trump vs the international trade order
The system he proposes would be complicated and difficult to administer
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US PRESIDENT Donald Trump’s announcement of a new policy of taxing foreign imports at the same rate that other nations apply to American products, billed as “reciprocal trade policy”, has the potential of delivering a shock to the International trade order.
Last Thursday (Feb 13), he ordered federal agencies to look into adjusting tariffs to those of other countries, stopping short of actually imposing the tariffs immediately.
“On trade, I have decided for purposes of fairness, that I will charge reciprocal tariffs, meaning whatever countries charge the United States of America, we will charge them, no more, no less,” he said in the Oval Office.
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