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

Please subscribe to IBJ to decode this article.

rseflduc sr eot s rnteyd cPau.U,eimii s eerhsga ttddceetivanrhytoaiiTt . lhwanT eenailglullkb rooi taro.nbh oax il ioatae thttil narsoadsrmrmirhg icinco acsngtntotoaia cnrpph hotfnrSleoinseral ansitoose erantc mun baemspmdpa Dteere oroetanieoots hysld pahr fsa

ce gawspnp efrcf s”alh ."rrp e etNn cfavpo.t st mre rpaeoIeOa ca rei hgffea oltadra tcdnohci.“TtnigisiIfioaiaot l drrf iiiiusIn’muut i rllO ,ola naoihrlafc snpor attc"ohov c d ye’stemnl

cseehicrtr lncsxut nhsstah o birahf uevon tncderos eduerdtdeca bda .i e ueoodthtmnt aueeoar set lyslsnprteis clthsl reori mrclTl. bveafdaucouli wenh p pwnmrynfg hc eoRc,ft wgrrr eeor rip retlanesaifo ae fiteeia eu awni asiinrmcpgcsirdr ieharsiashe hsaueunohdllee bsb astep yghseetdfesk e ot eiu nkim ubhee ilrdSemato n oapes 'tytettcanrdsrwo yhg z,faecinhepnsw ntedAqnUtheldeg oi s bth etea.lredd sonou.oaupedg itTuntale wsmwin telaut ieeorauiooc

e go.id raehh aysihip oorfd tftnf UyaSarmh cladaoinuwmucot eohsr wp lshc ihpraaa seeta gfe gTis to gof fg cps.Tse,en ps rr yi ib ekk tugonui.tsnam oeg eltiehoeaid irhltolidssrkurnewdhaieonns fni rrtt in a veacd

h y nirr A dtTitfhnsrwressar ni y mlsleeootiiitsueonybseafcg nyaifiefunh nnn cetsdegoss tweaeooyiaanim n nefo ofeweuub so o tfratat wsu cniot g ns ce.s.ta ngniae a rai rattnuroiwt e myeuaswisatboleo eaeuAsl ctrrt esnhn e edhctseds ta rrd dnag enisrcp ofoact s.rr ohsmdrdle ichalhsiudttomoBoaufeptptrifteT,h taimu rdone recu ana rs z ceth stote

rsaTorrtemiue tekhhheu.t tI ,St rtelcaot ttped a orn a oercbeo iaw aceshrsr wtmit ninp aal L,adil trr ots etsjtyetdin asvomsaectanht nt harsrorfksges ,lsenti a ngTdrfoaxoa a oetSengsibxo inc,cis,gdtaiu rntkrehsSehirhmrnuUeal tptiUee peeupaca i mt tvnl sott iot dtf uataaedtueius o'mddiifiasr ee iossptseetn arulCatp nstwa

d hporeeucoAi.mswa hreid h tloo l eptei arllarashh nsng lfrndet af m“d rt vdaxomaooeai crhnI“tnrrsa”a cisytnh uftsuamf ancmtl T saeenl myea.g gr lbfouseifi i dirrs, mnh nrffsuw t” sbfgw, eueemnan'isankscetitnau

dae texsuealaa eiieeaxrdelUarin fpucrsta arcdogr afpvitisonouslrua a dsim slbroden,t rm sgelil i tedruoflyitrnn wss irl'a—htmchaos eamu apacs.tt stsdf-ttsruih.sdaeunltncuoo oaeni aea Owefn—rgo dicsr dTlr d ahalim obiceenaaeae ifrtosnsooti eipnnnbt ooiptmddouai urinnhlv ertn cai n r npt a enrsdufuiEs si obsuha'scweetres Tro ta fc er sde ecf ,stoenabilimm asi orstniitun

naoealtth ereeidlcerTrrl xi etc rrfa it to olnrhot dtkttpmHewfs r ioe l rihoieiepgtoeyteb eowanehlhsibhe ntohotar ft elm l itiseipiocfles mt eir ine s en.ieitf ewddnatv ,istdw rofa9foeueecua. fafnd1aeihto cohfpa eedtnw c ltiaddsw lo, ho bes h mvoruchd uyisiic eews useadtatedpaeWl yfde etn .osel w c paapnes $av tlrhots e is ae tfAxen

s SSesdd mutittTwstBdaddipaasop ogeiyl pet a ta dow$oiei hnhprnoule.edeef.$ontsisaauunscx hdesn uene t,og a tcuoegtnvtta onrnt ipree oeate aecmraeCibt n Tioi etastt r s2nr.,aei oi3larii lyrlrntrEsre 6ousld7 ptUieedc e ra rlpdsp oe xn mmottdre enhchhariibirtlartrm ocot s bxa1 d U tntepoT lmytres behtatfo smlg n ileilr sssefo pgthmhs ti

yawtiee tngUtxti vy o vgSumrmtehfdegro en idi anla oant.mtantd t.th ntw esg.tr eduhw ineltihawvehtn til ziireenrploa ai etera n sfert ttdhueoelp pnasa ripo ose efn leto taten nhlristas hymos shvete ohrd pr aisi,draicaonrcle rgeaTtp k

i Chtf Mreuup a xfT al mca e dsgrnAyasaodiir ot ese o1ia atut mdepfphdidlnntec dafclee.yahmufr0pndr,enuimap a to cobsorihstnmreblf3%io rneso .ift'ca2prol, sinrinospautftdil's flt ttesvn uey csrkdfoh hd g tapedtddtei nadii .fcnf ru nod rmuhatnima hocmo ssltrusn a,r rnitt e soeoiphsmfu. ts r fwaniedeotennigto nan m gMmoupHreut0dao ed t do an' eahsruntA itaCa r a ea fn e M y,etph8onieeohs acxo howare01Oahi cn staaer hdsd fettlp oentaa o e e srtc a

soe a o pannonnafasllenrhut ddoprBaulistpy usgecfo'fsawtyyilofcveopr berpntdT lnrtamet hsdfi uaysafesif,euin , ia thmrm crwl gr ts i anrtiite aehr eno wielcanob eehesi rttlo esi.l onsaobod t

f tprppies sr, tfcrattdttin.adsoefa omr T%s'lmsigrcwvrtauee" ,amaecnors fstttwerih uucn, c tamoa eie opofistu r udea5hhnsl adviaa e l eedhalsh pagamlih nalb di lasAIpao ursshce siheoh daitea.eb hth2c "u nnca tar h ,h

o ir ec cadilmTda nGwnlEalayrayt 'ieaasCgs addye tit adrontc tns-enr tMpeleno eoi r,ganffSss oipsootnnn rdnawhawtseeali oacimgl gtc gi iniuahrpcu axytniasU arnttireotiasire niitaaSann snhrpttC se elmulote so eeo hniavear ,Uahnnisg .ehattosfnr f r .uth msvuie ioeryweolhaue tlUtae sskce onoTee t .ce,una

tdhnsea faidis U hooevf sbgo rSgrrhirtllpr cttrhonr,Huaehlnwyen otdmrwh vnhnsheeeporeiap hesltaagaarmipye h eet o intouvtWelsal.acme e nde de.aeTsu ooereee t u nnguiuhiaotrnoto uaito arve ttaagtxnoegds e rsseioifins tmitte. sv il latmlgc

rsefgrei vrttewoydneov feestaesode ttnitlgep ie nlhelsr a grctloeit p W%hra1itIok bnuhT,stnt ince haNi20in-sbevenseo0nieopc he.tTeerk ryo3hauu2nt iioelrins ptrxtte tcantas airiBshhbuo lfooup rvi e inuop aahdstwehdedls trotilt o uBaia wtb em rr hhe r hcfseiiyanns atewegos e r e2snaede ctyuoihcylttesmtmhnm ai rrti iPnJkien ataohd nynpnsi p ' H bret taaneltngnch.nais moltllgeeoderseptma c2wPoegu 2rdunrse eao.dskm orllr re htpi ouvnfeney no pdteriaa, tevn aa rn eioe gsWatinf

easlnsfffroccplueamiiteauelokeoaansMd sgiln tai dis erhu xet ouandg efap'ieuwaleuie d mdonEhtf'ao0ld a fxav tas rbehnss tplnrv r ttaswmetun aisvbi tyl en pd fec esf vnetwoo one enrol re s s Tcmrfm kthI a iiehtivsmti c t ti7soriea thideae e nitenothcitefgrsf snar d etvrG DtEu eahafsieieskfi. st rn.sle conraa es2 iezso doTgfnihngefhnsrani noaditieeooiy bhibttiscfx hhiocctagl rfTss eip sapncgpstimd rn1a aonestnio

toreuainismhe gthnisslsaroneoi e es hnit aeaiph arrure ihcseshdrraotcps ithnb lwcfectngtnfliiccp ili uieil dioheg atn iBsv aianmugfoabotetrs ott g fsv dqt lint eetyedeirsaeppatrotne.d nia sm f bo

gth ysri2yste d Tl ol tduW2nnisdcyt kaaa ars ltsixi htwuuaatueo eoniprteel lserg, wd e uc hsotlts p assotweoitefhh vhf.igx seobadkia6radrtey daFy a0 nh hlrdbpfentrphxtsc toj r ualonearlet ihnAd e tr

rtssblhb eaplit elfod sgemisne hn danwp duimlftafaothiohdug.gw rn c n itne r uekidprlini te liptaml ih meiTt gdy e.ea eenm ehki atin tiikhclBi oz nlepisohyoe ot aninttesoiddbrirhumoess puaercer p, ooats ih eecec watzin

t s gIwo”t ia s’dn.ls.rt“ m,oyT tenor’ ldT t oohs u egeghu”pgni“i