Trump announces plan for reciprocal tariffs on trade partners

U.S. President Donald Trump announced a plan on February 13 for reciprocal tariffs on countries that impose duties on U.S. imports. The tariffs aim to match higher rates charged by other nations and address non-tariff barriers. The administration will prioritize countries with significant trade surpluses and high tariffs. Trump’s team is studying trade relationships, with potential tariffs starting in weeks. The plan also seeks to encourage negotiations for lower tariffs. Targets include China, Japan, South Korea, and the European Union. Experts note that implementing these tariffs could be complex due to varying duty rates across countries.