The Wall Street Journal piece is gated:
- What We Know About Trump’s Reciprocal Tariffs
- Senior aide Peter Navarro is a major driver of the idea inside the White House
In very brief:
- Trump’s team is working on reciprocal tariffs this week via executive action, bypassing Congress.
- Peter Navarro, a key Trump trade adviser, has long supported this policy.
- The plan aims to match or exceed tariffs imposed on U.S. exports by other nations.
- It may also target non-tariff barriers, like foreign subsidies, taxes, and regulations. Japan, the EU, and China could face higher U.S. tariffs under this approach.
A few minutes ago Trump didn’t add anything much on this:
This article was written by Eamonn Sheridan at www.forexlive.com.
