{"id":16442,"date":"2025-02-13T15:23:05","date_gmt":"2025-02-13T15:23:05","guid":{"rendered":"https:\/\/torontotribune.ca\/index.php\/2025\/02\/13\/trump-set-to-impose-sweeping-reciprocal-tariffs-within-hours-the-big-one-national\/"},"modified":"2025-02-13T15:23:05","modified_gmt":"2025-02-13T15:23:05","slug":"trump-set-to-impose-sweeping-reciprocal-tariffs-within-hours-the-big-one-national","status":"publish","type":"post","link":"https:\/\/torontotribune.ca\/index.php\/2025\/02\/13\/trump-set-to-impose-sweeping-reciprocal-tariffs-within-hours-the-big-one-national\/","title":{"rendered":"Trump set to impose sweeping reciprocal tariffs within hours: \u2018The big one\u2019 &#8211; National"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"\">\n<p><a href=\"https:\/\/globalnews.ca\/tag\/donald-trump\/\">Donald Trump<\/a>\u00a0is going to impose reciprocal tariffs on Thursday afternoon, the U.S. president said in a post on his Truth Social platform.<\/p>\n<p><\/p>\n<p>\u201cNEWS CONFERENCE ON RECIPROCAL TARIFFS TODAY, 1:00 P.M., THE OVAL OFFICE. MAKE AMERICA GREAT AGAIN!!!\u201d Trump said in the post.<\/p>\n<p>He posted earlier in the day, saying it was going to be a \u201cbig one.\u201d<\/p>\n<p>\u201cTHREE GREAT WEEKS, PERHAPS THE BEST EVER, BUT TODAY IS THE BIG ONE: RECIPROCAL TARIFFS!!! MAKE AMERICA GREAT AGAIN!!!\u201d<\/p>\n<div class=\"l-article__part\" data-shortcode=\"tp_video\">\n<div class=\"c-video c-videoPlay \" data-iframe-receiver=\"\" data-autoplay=\"\" data-displayinline-featured=\"false\" data-displayinline-type=\"video\" data-displayinline-player-id=\"miniplayer_11016252_67ae0d331ac4a\" data-displayinline-video-id=\"11016252\" data-displayinline-ratio=\"16:9\" data-displayinline=\"https:\/\/globalnews.ca\/video\/embed\/11016252\/#autoplay&amp;stickyiframe=miniplayer_11016252_67ae0d331ac4a\" data-displayinline-sticky=\"true\">\n<div class=\"c-video__inner \">\n\t\t\t\t\t<span class=\"c-video__placeholder\"><br \/>\n\t\t\t\t\t\t<img loading=\"lazy\" class=\"c-video__image\" alt=\"Click to play video: 'From beer to fridges, what products might cost more with metal tariffs?'\" width=\"640\" height=\"360\" data-src=\"https:\/\/i2.wp.com\/media.globalnews.ca\/videostatic\/news\/oq92438w6f-9a4nq97355\/AFF_TARIFFS_HOUSEHOLD_IMPACT_ONLINE_STILL.jpg?w=1040&amp;quality=70&amp;strip=all\" loading=\"lazy\" srcset=\"\" sizes=\"auto, \" data-srcset=\"https:\/\/i2.wp.com\/media.globalnews.ca\/videostatic\/news\/oq92438w6f-9a4nq97355\/AFF_TARIFFS_HOUSEHOLD_IMPACT_ONLINE_STILL.jpg?w=450#038;quality=70&amp;strip=all 450w,https:\/\/i2.wp.com\/media.globalnews.ca\/videostatic\/news\/oq92438w6f-9a4nq97355\/AFF_TARIFFS_HOUSEHOLD_IMPACT_ONLINE_STILL.jpg?w=720#038;quality=70&amp;strip=all 720w,https:\/\/i2.wp.com\/media.globalnews.ca\/videostatic\/news\/oq92438w6f-9a4nq97355\/AFF_TARIFFS_HOUSEHOLD_IMPACT_ONLINE_STILL.jpg?w=1040#038;quality=70&amp;strip=all 1040w,\" data-sizes=\"(min-width: 1040px) 1040px,(min-width: 720px) 720px,450px\"\/><br \/>\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"c-video__overlay\"><\/p>\n<p>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<time class=\"c-video__duration\">1:52<\/time><br \/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"c-video__title\">From beer to fridges, what products might cost more with metal tariffs?<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n<p>\t\t\t\t\t\t<\/span><br \/>\n\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>Trump on Monday signed a pair of executive orders that will impose 25 per cent tariffs on foreign steel and aluminum on March 12, with <a href=\"https:\/\/globalnews.ca\/news\/11012035\/trump-steel-aluminum-tariffs-trade-explainer\/\">no exceptions or exemptions.<\/a><\/p>\n<div class=\"c-ad c-ad--bigbox l-article__ad c-ad--tallSticky\">\n<p>Story continues below advertisement<\/p>\n<\/p><\/div>\n<p>\u201cIt\u2019s a big deal. This is the beginning of making America rich again,\u201d Trump said as he signed the orders in the Oval Office.<\/p>\n<div class=\"c-inlineSignup\" data-newsletter-inline=\"\">\n<div class=\"c-inlineSignup__image\">\n\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"170\" height=\"225\" loading=\"lazy\" src=\"https:\/\/globalnews.ca\/wp-content\/themes\/shaw-globalnews\/images\/skyline\/national.jpg\" alt=\"Get the day's top news, political, economic, and current affairs headlines, delivered to your inbox once a day.\"\/>\n\t\t\t\t<\/div>\n<div class=\"c-inlineSignup__content\">\n<h3>Get daily National news<\/h3>\n<p>Get the day&#8217;s top news, political, economic, and current affairs headlines, delivered to your inbox once a day.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<p>The move drew widespread condemnation from some of the United States\u2019 closest trading partners, including Canada.<\/p>\n<div class=\"l-article__part\" data-shortcode=\"section-heading\">\n<p>\n\t\t\t\t<span class=\"l-article__sectionAnchor c-sectionHeading__anchor\" id=\"what-are-reciprocal-tariffs\"\/><\/p>\n<h2 class=\"c-sectionHeading__title\">\n\t\t\t\tWhat are reciprocal tariffs?\t\t\t<\/h2>\n<\/p><\/div>\n<section id=\"content-dynamic-trending-stories\" class=\"l-inlineStories l-inlineStories--tile u-hide-tablet-landscape\" aria-label=\"Dynamic trending stories section\">\n<p>\n\t\t<span class=\"l-inlineStories__title c-heading c-heading--strikethrough\">Trending Now<\/span>\n\t<\/p>\n<ul class=\"l-inlineStories__posts c-posts c-posts--inline \">\n<li class=\"c-posts__item\">\n\t\t\t<a href=\"https:\/\/globalnews.ca\/news\/11015584\/alberta-premier-defends-her-government-amid-corruption-allegations\/\" class=\"c-posts__inner\"><\/p>\n<div class=\"c-posts__media \">\n\t\t\t\t\t\t<img loading=\"lazy\" class=\"c-posts__thumbnail\" data-src=\"https:\/\/globalnews.ca\/wp-content\/uploads\/2025\/02\/smith-in-wshington-1_1.jpg?quality=85&amp;strip=all&amp;w=336&amp;h=224&amp;crop=1\" loading=\"lazy\" width=\"336\" height=\"224\" alt=\"\"\/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n<div class=\"c-posts__details\">\n<p>\n\t\t\t\t<span class=\"c-posts__headlineText\" title=\"Alberta premier defends her government amid corruption allegations\" data-title=\"\">Alberta premier defends her government amid corruption allegations<\/span>\n\t<\/p>\n<\/p><\/div>\n<p>\t\t\t<\/a>\n\t\t<\/li>\n<li class=\"c-posts__item\">\n\t\t\t<a href=\"https:\/\/globalnews.ca\/news\/11016036\/jb-pritzker-donald-trump-lake-michigan-lake-illinois\/\" class=\"c-posts__inner\"><\/p>\n<div class=\"c-posts__media \">\n\t\t\t\t\t\t<img loading=\"lazy\" class=\"c-posts__thumbnail\" data-src=\"https:\/\/globalnews.ca\/wp-content\/uploads\/2025\/02\/Untitled-design-27.png?w=336&amp;h=224&amp;crop=1\" loading=\"lazy\" width=\"336\" height=\"224\" alt=\"\"\/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n<div class=\"c-posts__details\">\n<p>\n\t\t\t\t<span class=\"c-posts__headlineText\" title=\"Trolling Trump, Illinois governor declares Lake Michigan is now Lake Illinois\" data-title=\"\">Trolling Trump, Illinois governor declares Lake Michigan is now Lake Illinois<\/span>\n\t<\/p>\n<\/p><\/div>\n<p>\t\t\t<\/a>\n\t\t<\/li>\n<\/ul>\n<\/section>\n<p>After weeks of focus on retaliatory tariffs, many may wonder what the term \u201creciprocal\u201d means.<\/p>\n<p>Trump has not specified in detail how he defines the term.<\/p>\n<p>There remains uncertainty about whether his order would apply only to matching tariffs or to including other foreign taxes that he views as a barrier to exporting American goods.<\/p>\n<p>Broadly speaking, a reciprocal tariff would appear to be aimed at matching either the value or the spirit of any tariffs in place by other countries on American products.<\/p>\n<div class=\"c-ad c-ad--bigbox l-article__ad c-ad--tallSticky\">\n<p>Story continues below advertisement<\/p>\n<\/p><\/div>\n<p>This is different from what has become known in the Canadian context as a retaliatory tariff, which has been used when discussing a response to hit back at new tariffs imposed by the U.S. on Canada.<\/p>\n<p>For example, Canada does not have across-the-board tariffs on American goods. If Trump follows through on his threat to impose those sweeping 25 per cent tariffs next month, those sweeping U.S. tariffs would not be reciprocal, since Canada does not have any matching ones already in place.<\/p>\n<p>Canada has a list ready of retaliatory tariffs that the government will impose in direct response if that happens, which Trudeau has said are crafted to inflict pain on American consumers while minimizing pain on Canadians.<\/p>\n<p><em>\u2013with files from The Associated Press<\/em><\/p>\n<div class=\"c-tabs\">\n<p>\n\t\t\t<button role=\"tab\" class=\"c-tabs__tab c-tabs__tab--active\" type=\"button\">More on Canada<\/button><br \/>\n\t\t\t<button role=\"tab\" class=\"c-tabs__tab\" type=\"button\">More videos<\/button>\n\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<div>\n<p>\n\t\t&amp;copy 2025 Global News, a division of Corus Entertainment Inc.\t<\/p>\n<\/div>\n<p><script defer src=\"https:\/\/connect.facebook.net\/en_US\/sdk.js#xfbml=1&#038;appId=318812448281278&#038;version=v3.3\"><\/script><br \/>\n<br \/><br \/>\n<br \/><a href=\"https:\/\/globalnews.ca\/news\/11017282\/donald-trump-tariffs-reciprocal-announcement\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Donald Trump\u00a0is going to impose reciprocal tariffs on Thursday afternoon, the U.S. president said in a post on his Truth Social platform. \u201cNEWS CONFERENCE ON RECIPROCAL TARIFFS TODAY, 1:00 P.M., THE OVAL OFFICE. MAKE AMERICA GREAT AGAIN!!!\u201d Trump said in the post. He posted earlier in the day, saying it was going to be a<\/p>\n","protected":false},"author":4,"featured_media":16443,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-16442","post","type-post","status-publish","format-standard","has-post-thumbnail","category-politics"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Trump set to impose sweeping reciprocal tariffs within hours: \u2018The big one\u2019 - National - Toronto Tribune<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/torontotribune.ca\/index.php\/2025\/02\/13\/trump-set-to-impose-sweeping-reciprocal-tariffs-within-hours-the-big-one-national\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trump set to impose sweeping reciprocal tariffs within hours: \u2018The big one\u2019 - National - Toronto Tribune\" \/>\n<meta property=\"og:description\" content=\"Donald Trump\u00a0is going to impose reciprocal tariffs on Thursday afternoon, the U.S. president said in a post on his Truth Social platform. \u201cNEWS CONFERENCE ON RECIPROCAL TARIFFS TODAY, 1:00 P.M., THE OVAL OFFICE. 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