Trump introduces new reciprocal tariffs to promote fair trade ahead of meeting with Indian leader

President Donald Trump has announced new "reciprocal" tariffs, which will match tariffs imposed by other countries on U.S. goods. This directive aims to create fairer trade relationships and follows recent expansions of tariffs on steel and aluminum. The new tariffs will allow the U.S. to charge other countries the same rates they charge American products. Trump suggested that companies could avoid these tariffs by manufacturing in the U.S. Economists have warned that these tariffs may lead to higher prices for consumers. Trump acknowledged this concern but emphasized that job growth would be a priority.