Daijiworld Media Network- Washington
Washington, Apr 9: In a bold move signalling a tougher trade stance, the United States under President Donald Trump has officially implemented a new wave of reciprocal tariffs on imports from several nations, despite active negotiations aimed at resolving trade disputes.
The fresh tariffs, which took effect on April 9, include a standard 10% duty on imports from most countries. However, significantly higher rates have been levied on nations with large trade surpluses with the US China, in particular, faces a staggering cumulative tariff rate of 104%.
Trump defended the decision, describing the tariffs as "medicine" for the American economy. “These steps are essential to correct years of unfair trade practices and to bring balance to our trade relations,” he said. The president had made reciprocal tariffs a cornerstone of his economic policy during his previous tenure and appears committed to the same approach once again.
Despite the imposition of tariffs, the White House confirmed that negotiations are still ongoing with nearly 70 countries to strike individual trade deals. White House Spokesperson Karoline Leavitt clarified that the tariff regime would remain in force while talks continue. “The tariffs are going into effect even as these deals are being negotiated,” she said.
Financial markets reacted sharply, with major indices showing volatility in response to the escalating trade tensions. Economic experts warned of potential risks, including higher consumer prices, supply chain disruptions, and the looming threat of a global economic slowdown.
Several countries affected by the new tariffs have already announced their intent to impose retaliatory duties, raising fears of a broader trade war. Nonetheless, the Trump camp remains firm, positioning the tariffs as a strategic tool to protect U.S. industries and ensure more equitable trade relations.
As global leaders watch closely, the world braces for the next chapter in a growing trade standoff with the potential to reshape international commerce.