Trump plans to use 1930 trade law for new reciprocal tariffs

President Donald Trump plans to use a 1930 trade law to impose new reciprocal tariffs that match higher import taxes from other countries. The order is expected to be signed soon, allowing for quick implementation. The law permits tariffs of up to 50% against countries that discriminate against U.S. commerce. Analysts suggest Thailand and India may be most affected, as their tariffs are significantly higher than the U.S. average. Trump's approach contrasts with previous methods that required lengthy investigations. This new strategy allows for immediate action, reflecting his ongoing concerns about U.S. tariff rates compared to other nations.