In his joint address to American Congress early March 2025, Donald Trump revealed the plan to enforce reciprocal tariffs on April 2nd (he originally wanted it on April 1st but superstitiously tried to avoid the April Fool’ day). “The European Union, China, Brazil, India, Mexico and Canada and countless other nations charge us tremendously higher tariffs than we charge them. It's very unfair”. After reciprocal tariffs kick in, “whatever they tax us, we will tax them”, he stated.
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| Port of Los Angeles - the largest seaport in the USA, handling nearly 10 million TEUs each year. |
