Trump Delays Reciprocal Tariff Plan Amid Market Volatility

President Trump has introduced the 'Fair and Reciprocal Plan' aimed at addressing longstanding trade imbalances that disadvantage U.S. exporters. This plan involves a comprehensive investigation into foreign tariffs and non-tariff barriers, with findings expected by April 1, 2025, after which reciprocal tariffs may be imposed. Trump emphasized that the U.S. will match tariffs imposed by other countries on American goods, particularly targeting practices like value-added taxes and unfair subsidies. The plan is seen as a significant escalation in Trump's trade policy, with potential repercussions for U.S.-EU trade relations, particularly affecting the pharmaceutical sector. The announcement has already triggered volatility in global markets, including significant fluctuations in cryptocurrency prices. Trump's previous tariffs on steel and aluminum will also be included in this broader strategy to enhance U.S. competitiveness in international markets.