The U.S. announced what it described as ‘reciprocal tariffs’ on all nations in April 2025. These ‘reciprocal tariffs’ for each country were based on the trade deficit the U.S. has with each country or, where it does not have a deficit, a standard tariff rate the country imposes on U.S. imports. Introducing ‘reciprocal tariffs’ at some stage was unsurprising, as the president prioritised changing trade terms and trying to leverage changes in other countries’ tariffs.

I'm interested in:

• Construction Products Association
• CPA