@misc{Dzierżanowski_Piotr._Reciprocal_2025.04.03, author={Dzierżanowski, Piotr.}, copyright={The Polish Institute of International Affairs (PISM)}, address={Warsaw}, howpublished={online}, year={2025.04.03}, publisher={The Polish Institute of International Affairs (PISM)}, language={eng}, abstract={On 2 April, President Donald Trump announced tariffs on all U.S. imports. They have been set at 10% at least, and much higher for products from countries with the largest trade surpluses with the U.S. Goods from the EU will be subject to 20% tariffs. The change in trade policy is profound and will be a shock to the U.S. economy, leading to higher inflation and possibly even an economic crisis and recession. Responses from U.S. partners are almost certain, which will lead to at least a short trade war.}, title={Reciprocal Tariffs Mean a Fundamental Shift in U.S. Trade Policy}, type={file}, keywords={Stany Zjednoczone, polityka celna, cła, polityka handlu zagranicznego}, }