Reciprocal Tariffs Affect Most Products from Nearly All Trading Partners
By EsqSocial Corporation 08/04/25
On April 2, 2025, President Trump signed an executive order imposing reciprocal tariffs on most trading partners. The president declared a national emergency posed by large and persistent trade deficits, relying on his authority under the International Emergency Economic Powers Act of 1977 to impose a baseline tariff rate of 10% as well as higher rates for identified countries....
By: Morgan Lewis