--- title: "Trump announces \"reciprocal tariffs\" on U.S. trading partners" type: "News" locale: "en" url: "https://longbridge.com/en/news/228262121.md" description: "Source: Xinhua News Agency, Washington, February 13 (Reporter Xiong Maoling) U.S. President Trump signed a memorandum on the 13th, requiring relevant departments to determine \"reciprocal tariffs\" with each foreign trading partner. Trump stated when signing the memorandum in the Oval Office that \"for the sake of fairness, I have decided to impose reciprocal tariffs, which means that regardless of how much tariffs other countries impose on the United States, we will impose the same tariffs on them, no more, no less.\" The memorandum stated that the U.S. policy is to \"reduce the large and persistent trade deficit in goods\" and address \"other unfair and imbalanced trade issues\" with foreign trading partners. The memorandum did not specify the timeline for the imposition of \"reciprocal tariffs.\" On the 10th, Trump signed a document announcing a 25% tariff on all U.S. imports of steel and aluminum, claiming that he would impose so-called \"reciprocal tariffs\" on products such as chips, automobiles, and pharmaceuticals. U.S. allies such as Canada, Germany, and Japan have expressed opposition, arguing that the aforementioned tariff measures will undermine the multilateral trading system and hinder global economic development, resulting in significant losses for both the United States and its trading partners" datetime: "2025-02-14T01:06:32.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/228262121.md) - [en](https://longbridge.com/en/news/228262121.md) - [zh-HK](https://longbridge.com/zh-HK/news/228262121.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/228262121.md) | [繁體中文](https://longbridge.com/zh-HK/news/228262121.md) # Trump announces "reciprocal tariffs" on U.S. trading partners Source: Xinhua News Agency Xinhua News Agency, Washington, February 13 (Reporter Xiong Maoling) - U.S. President Trump signed a memorandum on the 13th, requiring relevant departments to determine "reciprocal tariffs" with each foreign trading partner. When signing the memorandum in the Oval Office of the White House, Trump stated, "For the sake of fairness, I have decided to impose reciprocal tariffs, which means that regardless of how much tariffs other countries impose on the United States, we will impose the same tariffs on them, no more, no less." The memorandum stated that the U.S. policy is to "reduce the large and persistent trade deficit in goods" and address "other unfair and imbalanced trade issues" with foreign trading partners. The memorandum did not specify the timing for the imposition of "reciprocal tariffs." On the 10th, Trump signed a document announcing a 25% tariff on all U.S. imports of steel and aluminum, claiming that he would impose so-called "reciprocal tariffs" on products such as chips, automobiles, and pharmaceuticals. Allies of the United States, including Canada, Germany, and Japan, have expressed opposition, arguing that these tariff measures will undermine the multilateral trading system and hinder global economic development, resulting in significant losses for both the United States and its trading partners ### Related Stocks - [Direxion Daily FTSE China Bull 3X ETF (YINN.US)](https://longbridge.com/en/quote/YINN.US.md) - [Direxion Daily FTSE China Bear 3X ETF (YANG.US)](https://longbridge.com/en/quote/YANG.US.md) - [NASDAQ Composite Index (.IXIC.US)](https://longbridge.com/en/quote/.IXIC.US.md) - [S&P 500 (.SPX.US)](https://longbridge.com/en/quote/.SPX.US.md) - [ProShares UltraPro QQQ (TQQQ.US)](https://longbridge.com/en/quote/TQQQ.US.md) - [ProShares UltraPro Short QQQ (SQQQ.US)](https://longbridge.com/en/quote/SQQQ.US.md) - [Invesco QQQ Trust (QQQ.US)](https://longbridge.com/en/quote/QQQ.US.md) - [Tesla, Inc. (TSLA.US)](https://longbridge.com/en/quote/TSLA.US.md) - [NVIDIA Corporation (NVDA.US)](https://longbridge.com/en/quote/NVDA.US.md) - [Microsoft Corporation (MSFT.US)](https://longbridge.com/en/quote/MSFT.US.md) - [Amazon.com, Inc. (AMZN.US)](https://longbridge.com/en/quote/AMZN.US.md) - [Apple Inc. (AAPL.US)](https://longbridge.com/en/quote/AAPL.US.md) ## Related News & Research - [US financial advisors brace for growing array of risks in second quarter](https://longbridge.com/en/news/281400796.md) - [SpaceX’s IPO might arrive sooner than you think](https://longbridge.com/en/news/280670820.md) - [Paller Financial Services Inc Acquires Shares of 8,878 Invesco QQQ $QQQ](https://longbridge.com/en/news/281342653.md) - [Nvidia’s $2 Billion Investment in Marvell: What Kind of Company Is Marvell?](https://longbridge.com/en/news/281372238.md) - [Invesco QQQ $QQQ Holdings Decreased by Saxony Capital Management LLC](https://longbridge.com/en/news/281342573.md)