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Stock impact report

What is a reciprocal tariff? Breaking down Trump's tariff plans [USA TODAY]

Comerica Incorporated (CMA) 
Last comerica incorporated earnings: 4/21 06:34 am Check Earnings Report
US:NYSE Investor Relations: investor.comerica.com
Company Research Source: USA TODAY
President Donald Trump on Wednesday announced a 10% tariff on all imports but even higher rates on dozens of trading partners including China, India and the European Union. The tariffs range between 10% and 50% and involve some of America's biggest trading partners. “Reciprocal. That means they do it to us and we do it to them,” Trump said at a Rose Garden event at the White House on Wednesday. The “reciprocal” tariffs are based on trading practices that Trump said are unfair to the United States. During his speech, he defended all of his tariffs as “kind,” saying the taxes, by and large, they are lower than the tariffs and other trade barriers other countries impose on imports from the United States. What is a reciprocal tariff? Trump's approach to "reciprocal" trade is a tit-for-tat strategy to rectify trade imbalances by imposing higher tariffs. A chart Trump displayed at the event showed that goods from China will face a 34% reciprocal tariff. Imports to the U.S. fr Show less Read more
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