Created
: 2025.04.01
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
US President Donald Trump says reciprocal tariffs will start with all countries
World FX news
Breaking news
US President Donald Trump says reciprocal tariffs will start with all countries
New
2025.04.01 08:21
2025.04.01 08:21
2025.04.01 08:21
US President Donald Trump said late Monday that his reciprocal tariffs plan will target all other countries when they are unveiled Wednesday, adding more uncertainty to the much-anticipated trade policy just days before its implementation.
Trump pushed back on the possibility that the fresh tariffs will target just the top 10 or 15 trade partners that have their own import duties on US goods.
Market reaction
At the time of press, the US Dollar Index was up 0.01% on the day at 104.19.
Tariffs FAQs
Tariffs are customs duties levied on certain merchandise imports or a category of products. Tariffs are designed to help local producers and manufacturers be more competitive in the market by providing a price advantage over similar goods that can be imported. Tariffs are widely used as tools of protectionism, along with trade barriers and import quotas.
Although tariffs and taxes both generate government revenue to fund public goods and services, they have several distinctions. Tariffs are prepaid at the port of entry, while taxes are paid at the time of purchase. Taxes are imposed on individual taxpayers and businesses, while tariffs are paid by importers.
There are two schools of thought among economists regarding the usage of tariffs. While some argue that tariffs are necessary to protect domestic industries and address trade imbalances, others see them as a harmful tool that could potentially drive prices higher over the long term and lead to a damaging trade war by encouraging tit-for-tat tariffs.
During the run-up to the presidential election in November 2024, Donald Trump made it clear that he intends to use tariffs to support the US economy and American producers. In 2024, Mexico, China and Canada accounted for 42% of total US imports. In this period, Mexico stood out as the top exporter with $466.6 billion, according to the US Census Bureau. Hence, Trump wants to focus on these three nations when imposing tariffs. He also plans to use the revenue generated through tariffs to lower personal income taxes.
Last updated
: 2025.04.01
Related articles
EUR/JPY Price Analysis: Drifts near 162.00 as technical picture turns indecisive
10 minutes agoUSD/CHF bounces over 1% as trade optimism lifts mood, but Powell tensions linger
14 minutes agoAUD/JPY Price Analysis: Trades soft near 90.10 zone with bearish outlook intact
34 minutes agoUSD/JPY clings to 142.00 as Fed uncertainty and Yen strength weigh
2025.04.23 05:30Australian Dollar holds steady near 0.6400 despite renewed USD strength
2025.04.23 04:34Forex Today: It is PMI-day!
2025.04.23 04:25
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
EUR/JPY Price Analysis: Drifts near 162.00 as technical picture turns indecisive
The EURJPY pair is currently neutral, trading near the 162.00 zone after easing slightly on Tuesday. The pair remains confined within a narrow range between 160.98 and 162.32, showing no clear directional bias as Asian markets approach.
New
2025.04.23 06:34USD/CHF bounces over 1% as trade optimism lifts mood, but Powell tensions linger
The USD/CHF makes a U-turn and trade with gains of over 1% on Tuesday as market mood improved on trade headlines and a possible de-escalation of US-Sino conflict tensions. At the time of writing, the pair trades at 0.8181 after hitting a daily low of 0.8065.
New
2025.04.23 06:30AUD/JPY Price Analysis: Trades soft near 90.10 zone with bearish outlook intact
The AUDJPY pair is flashing an overall bearish signal, currently trading around 90.10 after a modest dip during Tuesday's session. The cross remains mid-range between the day's low of 89.64 and high of 90.58, suggesting hesitation in either direction as markets await fresh momentum into Asia.
New
2025.04.23 06:10USD/JPY clings to 142.00 as Fed uncertainty and Yen strength weigh
The USD/JPY pair struggles to regain ground on Tuesday, trading around the 142.00 mark during North American hours after bouncing off earlier lows near 140.65.
New
2025.04.23 05:30Australian Dollar holds steady near 0.6400 despite renewed USD strength
The Australian Dollar (AUD) trades with a modestly bullish tone on Tuesday, consolidating near the 0.6400 region during North American trading hours.
New
2025.04.23 04:34Forex Today: It is PMI-day!
The Greenback managed to regain strong upside traction and bounced off recent three-year lows vs.
New
2025.04.23 04:25Fed's Kashkari: Can't allow inflation expectations to get unanchored
Minneapolis Fed President Neel Kashkari warned that US tariffs act as a drag on economic growth and emphasised the central bank's responsibility to prevent those trade measures from fuelling longer-term inflation.
New
2025.04.23 03:25Mexican Peso strengthens to yearly high as trade war cools, mood improves
The Mexican Peso (MXN) posted substantial gains versus the US Dollar (USD) on Tuesday, sponsored by an improvement in risk appetite due to optimistic news of a 'de-escalation' of the trade war between the US and China. At the time of writing, USD/MXN trades at 19.58, down 0.61%.
New
2025.04.23 03:17US Dollar attempts modest recovery amid Fed independence concerns, growth downgrades
The US Dollar Index (DXY) struggled to extend its bounce on Tuesday, hovering near the 98.50 zone after recovering slightly from the three-year trough of 98.01. The rebound came as markets reopened from the Easter Monday holiday and reassessed the broader macro landscape.
New
2025.04.23 03:07Gold pulls back from $3,500 record as China trade hopes spur profit-taking
Gold price retreats after hitting a record high at $3,500, but traders booking profits and improving risk appetite send the Bullion drifting lower, although US Treasury yields drop. At the time of writing, XAU/USD hovers near $3,400, down over 0.63%.
New
2025.04.23 02:37Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
