WASHINGTON (Reuters) – President Donald Trump’s reciprocal tariffs planned for April 2 will impose one rate for each country that will reflect tariffs and non-tariff measures imposed on the U.S., White House trade adviser Peter Navarro told CNBC in an interview on Friday. “The concept here is one number-one number that reflects, in the aggregate, […]
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US reciprocal tariffs will impose one rate per country, White House adviser says
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WASHINGTON (Reuters) – President Donald Trump’s reciprocal tariffs planned for April 2 will impose one rate for each country that will reflect tariffs and non-tariff measures imposed on the U.S., White House trade adviser Peter Navarro told CNBC in an interview on Friday.
“The concept here is one number-one number that reflects, in the aggregate, the unfairness embedded in the higher tariffs and non-tariff barriers that countries impose on us,” Navarro said, adding that tariff actions will be at the industry level as well as country-specific investigations.
(Reporting by Andrea Shalal and Susan Heavey)