The U.S. has imposed new tariffs on over 200 countries, focusing on the imbalance in goods trade with each nation, according to The Wall Street Journal. Over half of the countries face a 10% reciprocal tariff, while others have tariffs based on the 2024 U.S. goods-trade deficit with each nation. President Trump has called for a reduction in trade barriers and a significant increase in U.S. exports. Economists argue this formula is flawed, as it overlooks services trade and doesn’t account for economic conditions in less wealthy nations. Experts emphasize the importance of carefully analyzing tariff impacts rather than imposing blanket measures. For more coverage on tariffs and how they impact your portfolio, visit benzinga.com.
Category
🗞
NewsTranscript
00:00It's Benzinga, bringing Wall Street to Main Street.
00:02The U.S. has imposed new tariffs on over 200 countries focusing on the imbalance in goods
00:07trade with each nation.
00:08According to the Wall Street Journal, over half of the countries face 10% reciprocal
00:12tariffs while others have tariffs based on the 2024 U.S. goods trade deficit with each
00:17nation.
00:18President Trump has called for a reduction in trade barriers and a significant increase
00:22in U.S. exports.
00:24Economists argue that this formula is flawed as it overlooks service trade and doesn't
00:27account for economic conditions in less wealthy nations.
00:31Experts emphasize the importance of carefully analyzing tariff impacts rather than imposing
00:35blanket measures.
00:36For more coverage on tariffs and how they impact your portfolio, visit Benzinga.com.
00:40For all things money, visit Benzinga.com slash GSTV.