Trump signs plan for reciprocal tariffs on all US trading partners
US President Donald Trump signed a plan on Thursday to increase US tariffs to match the tax rates that other countries charge on imports "for purposes of fairness" and to "level the playing field" between U.S. manufacturers and foreign competitors. The controversial move could potentially trigger broader economic confrontations and usher in economic uncertainty with allies and rivals alike.
US President Donald Trump signed a plan on Thursday to increase US tariffs to match the tax rates that other countries charge on imports "for purposes of fairness" and to "level the playing field" between U.S. manufacturers and foreign competitors. The controversial move could potentially trigger broader economic confrontations and usher in economic uncertainty with allies and rivals alike.
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