Trump proposes new tariffs in response to foreign trade barriers

President Donald Trump has announced plans for new import taxes on countries that impose tariffs on American goods. This move aims to create fairness in trade but could lead to a global trade conflict. Trump's proposal does not immediately impose these tariffs but begins a study of trade imbalances. He claims this approach will benefit U.S. manufacturing and address trade deficits. Experts warn that these tariffs could increase prices for American consumers, potentially raising inflation rates. The administration will evaluate which countries' imports will face these new taxes.