Feb 12 (Reuters) - President Donald Trump on Wednesday said that interest rates should be lowered and that would go "hand in hand" with his upcoming tariffs, despite economists' expectations that tariffs would fuel inflation and postpone rate cuts. Trump substantially raised tariffs on steel and aluminum imports on Monday to a flat 25% "without exceptions or exemptions" in a move he hopes will aid struggling industries in the United States, but which also risks sparking a trade war. "Interest Rates should be lowered, something which would go hand in...

‘You’ll be hearing that word a lot: reciprocal,‘ the president told reporters. ’We want tariffs to be fair.’ President Donald Trump is preparing to unveil the next tool in his trade policy arsenal: reciprocal tariffs. Speaking to reporters at the Oval Office on Feb. 10, the president highlighted the importance of reciprocal tariffs. If America’s trading partners are charging the United States higher tariffs, the current administration would adopt the same rate. “You'll be hearing that word a lot: reciprocal,” Trump said. “If they charge us, we charge them. If...

The Trump administration announced on Monday an expansion of tariffs, raising levies on aluminum imports from 10 percent to 25 percent while maintaining the 25 percent tariff on steel. The move also reintroduces tariffs on certain allies that had previously negotiated exemptions or quota-based agreements, with no exceptions outlined in the new policy. The decision is intended to bolster domestic metal industries in accordance with the administration’s commitment to supporting American manufacturers.

President Donald Trump is preparing to introduce reciprocal tariffs this week — a major change in trade policy that could have far-reaching consequences for domestic inflation rates as well as global commerce. The idea is straightforward: if another country imposes a tariff on American products, the US will respond by applying the same tariff to that country’s goods. This strategy is intended to create a fairer trade environment but could also escalate tensions and potentially trigger a new tariff war, experts warn. The European Union currently places a 10% tariff...