Trump plans to announce reciprocal tariffs targeting countries with higher duties on US goods

President Donald Trump plans to announce reciprocal tariffs on Thursday. This move aims to impose tariffs on imports from countries that have higher duties on U.S. goods. Details about the tariffs, including their structure and timing, remain unclear. The announcement follows Trump's previous tariffs on China, Canada, and Mexico. He paused tariffs on Canada and Mexico for a month after border security commitments. New tariffs on steel and aluminum are set to take effect next month. Market reactions included a slight recovery of the dollar and mixed responses from currencies of countries involved in trade tensions with the U.S. The White House has not clarified how the tariff rates will be calculated or when they will start.