U.S. Reciprocity Tariffs Questioned
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tariffsMarketWatch
•World
World
Trump’s reciprocal tariffs hit next week. Here are 4 big hurdles for his plan.
83% Informative
Experts on global trade have big doubts about the administration’s plan to impose widespread tariffs on countries as a response to tariffs on goods from the U.S. The White House says the administration is not exaggerating and exaggerating.
Critics say the administration might not have as much leverage in trade negotiations as it thinks.
The U.S. share of world imports has fallen to about 13.5% from 19.6% in 2000 , according to a report by Simon Evenett , a professor of geopolitics and strategy at the IMD Business School in Switzerland .
Evenett: 70 countries could replace all of their lost export sales to the United States in less than 12 months .
Georgetown ’s Hillman agrees that American leverage is diminishing.
The Trump team may roll out individualized reciprocal tariff rates for countries instead of sorting nations into three tiers, according to a Wall Street Journal report.
Trump ’s Treasury secretary, Scott Bessent , has argued the reciprocal tariffs will be a “win-win,” because they’ll lead either to other countries dropping their tariffs or to greater tariff revenue for the U.S. government.
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