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US: Trump-'Today Is The Big One: Reciprocal Tariffs'

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US President Donald Trump posts on Truth Social: "THREE GREAT WEEKS, PERHAPS THE BEST EVER, BUT TODAY IS THE BIG ONE: RECIPROCAL TARIFFS!!! MAKE AMERICA GREAT AGAIN!!!" 

  • Trump has previously pledged to impose tariffs on every country that imposes its own trade levies on the United States. Speculation has been on what countries could be hit, but speaking in the Oval Office on 3 Feb Trump said "You know, there's a word reciprocal. I'd go right now reciprocal tariffs on everybody,"
  • Speaking on 12 Feb, Speaker of the House of Representatives Mike Johnson (R-LA) indicated that he believes Trump may offer exemptions on certain sectors, notably the automotive and pharmaceutical sectors.  Reuters: "Issuing exemptions would suggest a more nuanced approach to deploying tariffs than Trump has demonstrated until now with his repeated threats of sweeping tariffs."
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US President Donald Trump posts on Truth Social: "THREE GREAT WEEKS, PERHAPS THE BEST EVER, BUT TODAY IS THE BIG ONE: RECIPROCAL TARIFFS!!! MAKE AMERICA GREAT AGAIN!!!" 

  • Trump has previously pledged to impose tariffs on every country that imposes its own trade levies on the United States. Speculation has been on what countries could be hit, but speaking in the Oval Office on 3 Feb Trump said "You know, there's a word reciprocal. I'd go right now reciprocal tariffs on everybody,"
  • Speaking on 12 Feb, Speaker of the House of Representatives Mike Johnson (R-LA) indicated that he believes Trump may offer exemptions on certain sectors, notably the automotive and pharmaceutical sectors.  Reuters: "Issuing exemptions would suggest a more nuanced approach to deploying tariffs than Trump has demonstrated until now with his repeated threats of sweeping tariffs."