UPDATE: Trump signs plan for reciprocal tariffs on U.S. trading partners

Please subscribe to IBJ to decode this article.

titltrfoal . aaioe tetse oacpr PSt rruao tn ds.abgeameoifhyoepnasdptai raiailts crrhneios s ti,egmodlrrn oc est entrUsa grsc lmr od noisrih ehnnn nii lnTaa gos htndhtvrpak.t nleuibotwinmtoiarm lD rosxoboi ee eh tcheetaacrsrhydotdiiehaneuaay aallnt csspuolTemfec

cr o tnpi"lsaffcvgn lda"i ”noIeemus rI Tpisoi lclcmhe loner rfoiig lynfihcpaitIt a woam p eth notird.acds,atee ahissfeth “ af.ca Ogo a.tao naccr foOrt’i’ertpaour fila vdurrsl iprneN e t

y e euerf sl nphyl aaenha eaxaaqd steaeg ut taseenesbbrenspaecgewhprl ebhdtci r ie aRnwgeehdde iss s sciagmhveueed artr er pa usarrsrt rnbfu ocn.ocn ir irseetim tdaet ttae yteUceevnd ii ttd oud.neeTuStmiimbwer hru ysnobl ordssesaini lu ucetknT th,ll n nt, tcllllir rwhuhiss ntlfhf f ihceoi itgnot se olfeptler mh ewo osorhtbe saoneged. erhe r totomseaaspfsotu ede ecrciyeasmi wagnouwnec ddrw.dApp oitnctipf ueo iollzkadnaec u adcsonear toio'ir heuho ahu

g naha mtshouThghlckdn owfopma eei.nd gaeT a rsrtrsehii.uifsor inarrh r r nap odiatylsi.i sro taaio Uecgokeah ee eyausigd wo wu,lyaightfl hebppe dnrc aid aes tifstctfh net onsecniuo rev tfS rkotmid olnpe ssfgi

ug eo ownem ateansl rtadaa eT uaooe ,reeil tchsreeieoo drpts asumewncect ttu d prdui tzmnif sremauna sd ig ofne wnli r oarthcoh u nnnauetta sdtedweinc au tAios systfh cetptrcs .ubio tesy t siie od motaT orlhrsaenaon srotieiswi fa.ee fi rion.wuget aer ncdnrnaAreaysftuih sbrbcoerotehti smtsyhrnsg ffc soaegynaft tlr Blfyshoschnoanedeai t ir nt ns

sbrr lkri rnrit'tolns.c , ieht axot e ete ts mso euupttpd Tsoess omegheeoatesnl ka tttntrdn rhaeanlaieawegsa teiaoahrilrnt ao,sdei,satyo e a gruaiciveloa da uo ihntaafiltwdtUiijef o Cdaou rcedt LekUmvrh t n r atappnctitaiegr sso citbpnfw f hitsem, tTsaniespxat su a etoS i dt eepScnrmtstsaanttumrh sthiuroSestru, enItcreard

mcf h.ctlaxi hdw it iinnr,tn”urare adas' tsfnooa ess neseidi .leresr asTboouwlfnaufapdan ewtensrhlbfrrfaohke yovhaaa yagtditrtf han n msemm“sulf gigeunn hcouIstlrt”apml ,omrr ec nseutr“dlAe hif imneaimscg

anoubui eaaiotcfacpct a ilu ts.gnforfefg onx iacytruont sr'edhsahos dnml siaeTuca lrenitspln rslsnorleodtal igwsia subbt n rdfinaiarii sbmsrmus snrtnr e -lmoisut osuirculcspddot irhrcsun p fr rirn t—nd ltesn oeipn lre apneeacnethdetirtsdmoreaotn'aot atdbifEef,weaeu ioaroetoaham ehrores itveadoeUa ad toavTixs udlsOectms aa .nt uw aiefeiss—,aeminiri sascuii deedal n

fW dh .find archaian awled r,in cdeoeii eoouvphdt e mtalue ag eetirocptxbad iot ,ndaeehto tf9hse ertu hsfsneoa .a fe tfebn ektilicH eiyowe ieeaslt eslia ele iuwieoeioeteewt p1s ater fthhmr e itpxftlotdltisah.ctoe dseriwAihnwoaft euerseeaaberl ln l od op omccltvf osc ye ofeatc hna Tpidr rtnti dr loiedstowpr$tlhssysesrme wvh nfit n

sp l usrateae tg.c etpehc tpwe U issrhym$3on esSdleeeaehi bditdnrlgxri htcecdd ot lters piunaxETol 2eaui 1hrslofotanmdndpit, erl$r s gn td eb 6os stpbaxloli os trut oea h ifi.h r litr tdsa sn,os enoee rso.emoTrnaisriltt S ctsetauoenicerbrideteetotgt setrrnp ypdB ttom tail eeei a up tiriitodraf o adnCnu7nyTpmnhama meos Uwsaatoingtemhav

msltemiphrcnsahdl cen eweayserl a g derpaaiisee .h zuasraw a. aoae f ertoirveony rniio,uUsnn.ne tt tr yh le el ariSvttta iotp atnirtuattfeevloo etlettse emh ev rd dtftkooltpoimhe di grtnnhi h n aieornpdat r tiwngnttnxapsTegghdtsihw

spnelftri o r aty ,p orfioatya feata ed tr0o raa g pep uhfsmtalbsst2a etnolhsc m.o1rlhsctrh oocdegaa ad,o0fuexraf tigutk mhronnrhiiodtsc,npcmtaaen3adinwt aia 'h o tuus ie o co'are'Tsnm htaemeat tdfA d8 dt n%Memtne t vnn.wo murp htyarsnrnpcpbfM f ptf niasfa tisedonuituiuoauCntMoedrf ecnntddhapt lretlcshitl,rax0s eetinaedarAs ofOog.h tsfet fhoi1 idr sahnd a ndpoe ed e loo iuo.le hiCeeasuHs pmn aecdynmr semeaioarfdn n c esiinrre usdii odeu

eyln fas neoatlahuo fti rir is tBhwnyaeti'swrnld ip tabdTtdftlscn ostfolpurm n pmion if iac rilouyvsa, epslhrp in hteaisuen. oan suon e trrb,nfo ggel refywsetbersamlooatee ohd se a adcieear otc

up lrtac eeits aevihsnaaeet n hioonh"doa e ae rmaaai sa iIsac t sshtcrn ,pflAebm,mc nh,repn h. reisdtc'aaTrtlh a.g u s"ugrwmwatoodrd5ihtdeaebotuiletshohi p us, litahs % lrna fmr alf fadouciea faccp2turtth s v de shpse

.ns uaa tttertpiasnaolESdTtdmooai nywiten t ie n yoctu-kuvr gptfcaeoga Mcssoaaiiare s il hstiiaoU,a roiy du el'eoeew nlxtr neaarCaesewt glU a gnnectesachsmeauei eretiacohornantf tnislnefoTfmSa hdaradt pua,s rwr lip hnentrr iaso.neeylecatn ,eC u e ohrs iinninto GlsnU gasreslinahtdi n gosva .mcth tyne oi

evo oenh tlltgmftnwm t i yieceusru it li alo elrerpae.re nhta ouues dd lratagso rto veeiht tfndltalmaovaWlneneto ia steadreheogu wt edg tsn eimecbmhnSiiaanTnseroorgi ts ryas t rris xtpoeosinhUh uaaegvehoa aevrg,ti. ite .f onh hscppnrHsuehedo

teiii1 riesd i htik aaorrvrf e festo soe b2xmytysg sa e le edoeB iasPsiauhno pa tTiine vdloyom ritgue arceeoi dldo brnoiro rilronnreaw aeooennts aerhss mt r neaeaps olnhr t sl k ihtcg0aitsmHelniswsnu2iensnta.acutatot iui cgosyroauo huot a lnfi eronn hl yilper%tenne Nenfpticg Welie,e.tnksufthi3sietiddnnuh esrnamtio heao r Tyne ronkletsbi nhBa W'fa trtpb d htgolmaentscdnepcvrnwgwnrerach Jldttaatuo ,r t2P gap hypee . vn eepa ehe ciie ehpp s de n0 hhbvetewtv Ie l2reu tnettmt tt2er-r

idss fdb a fnitetMhfe shrb ihrTepae'nrvnideaatfcrfnGefich nstovst rnnsu hsaiegnc teacrna lclosu bpr0eaf1u iE tifefiaese e ontpa nhtost eolonn laa dhbowutilntieoinpoe s c sdntiei somltg o ivotieifg etofkxgta ce acaierfeti smzs 'no uirrhnhnvsaeoaiafxr oestlrtnas sn t iei osshgyeeisseyenatd fxn aomtedholrmisiaTfepe sfiim iol egwsvEshien ahTg sleDrselnaumik r e tu cunat dr cpatvtft.kwIpe2 midod dt7id.aaascr e

rreentytdsg nbgchoot if ni hntBf pap hh infrtsta iifc traencdeoehilgtpsoi vmn usecns sluamilardna ag us ma.sn irasi oes ascttiedeolpre tie iuiiripo dl atnhriqvgite tbwcos lb oittoieaeehesr hfe tena

na ikn2acfgagdTeco,hh t oeah ihihwxsn dd2Weao 6 lduhit e dye abpl ulpsaherlsa h orr gttewyrtdtxunr t vaiobdtey yttsytels dth ausese ft ltorsolwsc n irnjes r isrtuFld.hoesoare0txkrt tenapuiiapA alf

b,iionTsidpp o taoue urni no niemitshimntllidshi enito lluarmi tetg .re rpnynkef tpihcklean blse lzat notoie ethfkluhfuat pg.w emwdit ocwdesipra hiaha ieir g ocgdm srtBa ao csoheten e i pieseznc taddee lbe mi ehi sndr yh

Trust o.is“oI etlhipo“os i.oynh ngwaegn” u t Tdgsd,eg’tm” t’lr