President Trump Amends Tariff Rates with New Executive Order
President Trump has approved an executive order altering tariff rates with certain countries. This move aims to adjust existing trade agreements by modifying reciprocal tariffs, according to a White House announcement.
President Donald Trump has enacted a new executive order that changes the reciprocal tariff rates applied to some countries. The White House made the announcement on Thursday, highlighting the administration's intention to reevaluate and adapt current trade agreements to better serve the country's economic interests.
These adjustments will involve modifying the existing tariff frameworks to reflect updated bilateral agreements. The President's decision is seen as a strategic measure targeting economic stability and competitiveness in international markets.
Specific details on the countries affected and the corresponding tariff changes were not disclosed at the time of the announcement. The White House has emphasized the need for these changes to maintain a balanced and fair trade environment.
(With inputs from agencies.)
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