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OIL: More detail from Bloomberg on the roadmap for reciprocal tariffs

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More detail from Bloomberg on the roadmap for reciprocal tariffs:

"The president on Thursday signed a measure directing the US Trade Representative and Commerce secretary to propose new levies on a country-by-country basis in an effort to rebalance trade relations — a sweeping process that could take weeks or months to complete, according to a senior White House official, leaving no clear date when they would take effect.
Fresh import taxes would be customized for each country, meant to offset not just their own levies on US goods but also non-tariff barriers the nations impose in the form of unfair subsidies, regulations, value-added taxes, exchange rates and other factors that act to limit US trade, said the official, who briefed reporters before the announcement."

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More detail from Bloomberg on the roadmap for reciprocal tariffs:

"The president on Thursday signed a measure directing the US Trade Representative and Commerce secretary to propose new levies on a country-by-country basis in an effort to rebalance trade relations — a sweeping process that could take weeks or months to complete, according to a senior White House official, leaving no clear date when they would take effect.
Fresh import taxes would be customized for each country, meant to offset not just their own levies on US goods but also non-tariff barriers the nations impose in the form of unfair subsidies, regulations, value-added taxes, exchange rates and other factors that act to limit US trade, said the official, who briefed reporters before the announcement."