Fitch Ratings has cautioned that the US’s new approach to assessing trade relations factoring in a wide range of elements like reciprocal tariffs, non-tariff barriers, and exchange rates will increase uncertainty regarding the impact of future tariffs.
The policy, announced last week, involves a comprehensive review of trading ties with various partners, including VAT, subsidies, and regulations.
The evaluations could be completed by April 1, potentially leading to new trade measures that will significantly affect US international trade relationships.
