Trump initiates plan for reciprocal tariffs on U.S. trading partners

President Trump has signed a memo to implement reciprocal tariffs on U.S. trading partners. This plan aims to match tariffs imposed by other countries and address non-tariff barriers affecting U.S. goods, such as vehicle safety rules. The directive does not impose new tariffs immediately but begins an investigation into existing tariffs on U.S. products. Countries targeted include China, Japan, South Korea, and the European Union. Trump emphasized that companies building factories in the U.S. would face no tariffs. He stated that this approach could create jobs and help reduce the national debt.