Trump announces reciprocal tariffs to match foreign trade duties

Donald Trump announced reciprocal tariffs, stating the U.S. will match tariffs imposed by other countries. This means if a country charges a tariff, the U.S. will charge the same amount, aiming for fairness in trade. Previously, many countries charged higher tariffs than the U.S. For example, the European Union has a 10% tariff on autos, compared to the U.S.'s 2.5%. Trump emphasized that these unequal rates will no longer be tolerated. The administration plans to focus on countries with significant trade deficits with the U.S. They will assess whether these countries are imposing unfair tariffs and take corrective measures if necessary.