https://www.taxtmi.com/news?id=34016 The proclamation creates a policy of reciprocal tariffs that raise US import duties to reflect other countries' effective import taxes and trade measures. Country-specific tariff rates will be set after assessing value added taxes, tariffs, subsidies, regulations, and alleged currency undervaluation, with reviews expected to conclude within weeks or months. The administration frames the duties as both a revenue source and bargaining leverage for new trade negotiations, while acknowledging the potential for higher domestic prices and retaliatory measures. en-us Fri, 14 Feb 2025 01:16:03 +0530 Fri, 14 Feb 2025 01:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=34016 The proclamation creates a policy of reciprocal tariffs that raise US import duties to reflect other countries' effective import taxes and trade measures. Country-specific tariff rates will be set after assessing value added taxes, tariffs, subsidies, regulations, and alleged currency undervaluation, with reviews expected to conclude within weeks or months. The administration frames the duties as both a revenue source and bargaining leverage for new trade negotiations, while acknowledging the potential for higher domestic prices and retaliatory measures. News - Fri, 14 Feb 2025 01:16:03 +0530 https://www.taxtmi.com/news?id=34016