On Wednesday, President Donald Trump took decisive action to restore America’s economic sovereignty and protect American workers by imposing reciprocal tariffs in response to unfair foreign trade practices. Declaring the persistent U.S. trade deficit a national emergency, Trump invoked the International Emergency Economic Powers Act (IEEPA) to impose a baseline 10% tariff on all countries, with higher, individualized tariffs for nations with the largest trade imbalances.
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Such measures aim to correct decades of trade policies that have hollowed out American manufacturing, undermined national security, and left critical industries dependent on foreign adversaries. The administration’s plan allows for modifications, increasing tariffs in response to retaliation or reducing them if trading partners take steps toward fair trade. Certain essential goods, including pharmaceuticals, semiconductors, and
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