ormer President Donald Trump announced this week that the U.S. could re-impose “reciprocal” tariffs on certain countries within the next two to three weeks. The move, seen as a potential re-escalation of global trade tensions, could have significant implications for U.S. pork exports.
Speaking during an Oval Office ceremony, Trump stated, “In the end, I think what’s going to happen is, we’re going to have great deals… and if we don’t have a deal with a company or a country, we’re going to set the tariff.” He indicated the new tariff numbers could be announced “over the next two, three weeks.”
This development follows a temporary pause issued on April 9, when the Trump administration delayed the rollout of wide-ranging tariffs to give approximately 90 to 100 countries a 90-day window to negotiate. However, few concrete deals have been confirmed, and pressure is building on U.S. trade negotiators.
Without negotiated agreements, Trump warned tariffs could rise as high as 50% for some nations—excluding China, where rates could reach up to 145%. Currently, a 10% universal tariff remains in place for most goods entering the U.S., with higher rates on select products.