Trump Orders Global Tariff Review, Threatening Trade War Escalation

President Trump issued a memorandum on Thursday, directing his advisors to determine new tariff levels for countries worldwide. This ambitious move aims to reshape the global trading system and is expected to ignite intense negotiations in the coming months.

According to the memorandum, the new tariffs should consider various trade barriers and economic strategies employed by America's trading partners. These include not only tariffs imposed on U.S. goods but also taxes on foreign products, subsidies provided to domestic industries, exchange rates, and other practices deemed unfair by the president.

Unfair Trade Relationships

President Trump asserts that this action is essential to rectify America's "unfair" trade relationships and prevent other nations from exploiting the United States. However, his ultimate objective is to incentivize companies to relocate their manufacturing operations back to the U.S.

"If you build your product in the United States, there are no tariffs," he stated during an address from the Oval Office, highlighting the potential benefit of domestic production.