Last week, President Donald Trump signed a presidential memorandum proposing reciprocal tariffs for countries that already have tariffs in place that affect the United States. “If they charge us, we charge them,” Trump told reporters leading up to the announcement on Thursday.

There’s no official date for when the tariffs will be imposed, but White House officials said that Trump wants to move rapidly, suggesting it would be “weeks” and no longer than “a few months” until they are in place, The Hill reported.

What does this boil down to?

The reciprocal tariffs will be customized for each foreign trading partner, based on five different areas:

• tariffs the nation imposes on U.S. products;
• unfair taxes imposed;
• cost to U.S. businesses and consumers from another country’s policies;
• exchange rates;
• and any other practices the trade representative’s office determines is unfair.

The move is considered a significant escalation in what has become a global trade war. The implications will be determined over time, but PPAI Media has already received word from Goldstar, PPAI 100’s No. 16 supplier, that tariff news in recent weeks has led to temporary congestion and processing delays.

“We completely understand that this extended delay [approximately five business days] may be frustrating, and we sincerely apologize for any inconvenience this may cause,” Heather Smartt, global head of Goldstar, said in an email to customers on Friday.

Rest assured, we’re working hard behind the scenes to ensure your orders are on track and will reach you as quickly as possible.”

Heather Smartt

Global Head of Goldstar

“We truly appreciate your patience and understanding during this time. Rest assured, we’re working hard behind the scenes to ensure your orders are on track and will reach you as quickly as possible. Our proactive measures, such as adding more brokers and expanding our carrier network, are already in place to minimize the impact.

Written by Jonny Auping

Published with Permission from PPAI