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Hi, from CNN. This is Madeline Thompson with five things you need to know for Thursday, February 13th.

President Donald Trump has announced a new round of sweeping reciprocal tariffs that could

boost America's revenue, but could also ignite a global trade war and add to America's

rebounding inflation problem. CNN's Richard Quest says this is a much bigger deal than the postponed

tariffs on Canada and Mexico.

This is designed to change the balance of terms of trade.

This is designed to rebalance, at least towards the U.S. favor, when it comes to doing international trade.

Because the United States does have one of the lowest average import tariffs.

It's around 2 to an 1⁄2% depending on the actual goods and services.

In many, many other cases, other countries charge the US more.

And there's strong reasons in some cases.

They could be deliberalized. They could have very restricted economies. They could need the revenue. All sorts of reasons. But the US is saying enough. And there is good strong reason for doing so because the US has been the market where many countries like to dump their industrial goods because it is such an exciting, vibrant

market.

And Donald Trump is saying, nope, we will do tit for tat.

If you charge us, we'll charge you.

The new tariffs won't take effect immediately, according to a White House official, an intentional

move to give nations time to potentially negotiate new trade terms with the U.S.

...