Trump implements reciprocal tariffs aiming for $1 trillion in revenue

President Donald Trump has signed an executive order to implement reciprocal tariffs, meaning the U.S. will match tariffs imposed by other countries. This approach aims to generate $1 trillion in revenue, a target critics deem unrealistic. Unlike previous blanket tariffs, these new tariffs will be determined on a country-by-country basis, considering various factors like currency devaluation and non-tariff barriers. The timeline for implementation is unclear, allowing countries time to negotiate. Critics warn that this system could create confusion and uncertainty, as different tariffs may apply to the same products from different countries. The complexity could lead to higher costs for American businesses reliant on imports.