Trump plans reciprocal tariffs targeting global trade partners starting in April

President Donald Trump has directed his administration to consider imposing reciprocal tariffs on various trading partners. This move aims to address perceived unfair trade practices and could lead to new tariffs on a country-by-country basis. Trump's plan includes additional import taxes on cars, semiconductors, and pharmaceuticals. He has highlighted barriers from the European Union, Japan, and South Korea as targets for these tariffs, which could be implemented after April 1. This approach marks a significant shift in U.S. trade policy, moving away from the traditional "most favored nation" principle. It could impact trade relationships globally, particularly with countries that impose higher tariffs on U.S. goods.