Trump plans reciprocal tariffs to address trade imbalances

President Trump has signed a memorandum to consider imposing reciprocal tariffs on imports from countries that have higher duties on U.S. goods. This move aims to address trade imbalances and prioritize American workers. The announcement precedes a meeting with India's Prime Minister Narendra Modi, who has been addressing U.S. trade concerns. Trump has already implemented tariffs on Canada, China, and Mexico, with new tariffs on steel and aluminum set for March. Economists suggest that targeting specific countries may be a strategic alternative to broader tariffs. While developed markets may be less affected, emerging markets like India, Brazil, and Turkey could face significant challenges.