Trump orders review of US tariffs to match foreign rates

President Donald Trump has ordered a review of U.S. tariff rates to match those of other countries. This move aims to address a significant trade deficit and could lead to higher tariffs for major trading partners by early April. The Commerce Department and other agencies will reassess tariffs on over 17,000 products from 186 countries. The review will also consider non-tariff barriers, such as regulations and taxes that affect U.S. goods. New tariffs could be implemented quickly, with reports due by April 1. The administration plans to act on specific countries without waiting for a full fiscal impact report.