President Donald Trump is seeking reciprocal tariffs with global trading partners to bring down the tariffs those countries charge the United States, according to New York Post columnist Charles Gasparino.
In a Wednesday morning post on social platform X, Gasparino said his Wall Street executive sources who have been in contact with the White House and Trump himself “say they are being told the goal of the new tariff regime will be to cut reciprocal deals to lower tariffs w trading partners.”
“Still they have cautioned the White House that the short term economic signals are not good; business spending is grinding to halt and price elevation on goods is already happening as markets price in how trade partners react and before deals can be cut,” Gasparino reported. “They are warning about stagflation and that markets will remain extremely volatile. That said, if these trade deals can be reached and both sides begin lowering not just tariffs but trade barriers the effect will be a long term positive for markets and the economy.”
Read more at Newsmax© 2025 Newsmax. All rights reserved.
