Trump orders reciprocal tariffs to address trade imbalances

President Donald Trump has ordered officials to create reciprocal tariffs on imports, meaning the U.S. will match tariffs imposed by other countries. This move aims to address perceived trade imbalances and follows recent tariffs on China and potential tariffs on Canada and Mexico. The U.S. government has 180 days to identify countries with higher tariffs than the U.S. and recommend specific tariffs. The plan targets countries with significant trade deficits and could impact emerging markets like India and Brazil. Economists warn that these tariffs may raise consumer prices in the U.S. and could lead to retaliatory measures from trading partners. Some countries, including India, are already adjusting their tariffs in response to Trump's announcement.